Greece's Regulatory Authority for Energy

In an effort to protect consumers from soaring energy costs, Greece's Regulatory Authority for Energy (RAAEY) has announced a new initiative aimed at providing timely notifications regarding fluctuations in electricity prices. 

Greece's Regulatory Authority for Energy (RAAEY) has made a significant decision regarding the methodology for calculating the regulated revenue of the Greece-Cyprus electricity interconnection project, marking a crucial step toward finalizing the regulatory framework for the Great Sea Interconnector (GSI) project.

Greece's unilateral decision to remove the Crete-Attica power linkup from the European Union's list of projects of common interest (PCI) and instead implement it as a national project will lead to a delay of at least six months in the project.

Greek consumers will have to shoulder the cost of an extra 356 million euros should the power interconnection between Crete and Attica proceed as a national rather than a European Union-subsidized project, warns EuroAsia.

Brussels is raising obstacles to Chinese plans to enter Greece's energy market, reversing the situation in the tender for the privatization of Public Private Corporation's lignite-fired plants where CHN Energy had appeared to be the favorite.

Greece's Regulatory Authority for Energy (RAE) reportedly called on the Economy Ministry to impose a nationwide price cap on fuel prices through an automatic activation mechanism during a meeting on Tuesday. The ministry, however, is said to disagree with the move.