Renewable energy policy

Electricity and gas prices in Greece are much lower than the European average, despite the large increases borne by households.

The government is currently weighing several options to lower the electricity costs of households and businesses.

At the start of the year, a gradual tariff was introduced for households' consumption and the Energy Market Regulatory Authority (EPDK) set the limit in the two-stage electricity billing system as 150 kilowatt-hours.

On Friday, November 5, the Prime Minister inaugurated in Halki the project concerning the first island of the national initiative GR-eco Islands, which aims to transform the islands of Greece into models of green economy, energy self-sufficiency, digital innovations and sustainable mobility.

The mechanism for compensating household energy bills announced by the government covers almost all electricity consumers nationwide and over half of the natural gas consumers, the vice-president of the National Regulatory Authority in the Energy Area (ANRE), Zoltan Nagy-Bege, said on Wednesday.

The final electrical energy consumption rose by 7 pct in the first six months of this year, compared to the similar period of last year, on the backdrop of an 8.3 pct increase in the consumption of the population, according to data from the National Institute for Statistics (INS) published on Thursday.

The European Union must increase the amount of renewable energy it uses and cut energy consumption by 2030 under proposals the bloc's executive Commission published on Wednesday (14 July) to help meet a more ambitious goal for reducing greenhouse gas emissions.

Turkey's electricity import bill in the first quarter of 2021 decreased by nearly 83 percent compared to the same period of 2020, according to Turkey's Statistical Institute (TÜİK) data released on April 30.

The data shows that Turkey paid nearly $3.37 million for electricity imports in the first quarter of the year, compared to $19.58 million in the January-March period of 2020.

Ljubljana – The Slovenian energy group GEN-I sold a record 127.4 terawatt hours of electricity last year to generate the highest net profit to date. At EUR 15.4 million the profit was one percent above that posted in 2019 despite revenue falling by 4% to EUR 2.1 billion.

Ljubljana – The Economy Ministry has drafted a programme for development incentives for 2021, worth a total of EUR 660 million, including EUR 248 million in grants. The priorities of the programme include providing liquidity to companies and assistance in green and digital transition for higher added value.

The government is considering a €0.12/kWh feed-in tariff for PV installations with a generation capacity of up to 5 kW and of €0.10 for 5-30 kW systems. If implemented, the scheme will come into force next month.