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Tag Archives: energy

“Greece-Turkey energy cooperation in the Aegean and S. Mediterranean”, says Greek CEO

Statements by the CEO of Enterprise Greece, Marinos Giannopoulos, on “Greece-Turkey energy cooperation in the Aegean and Southern Mediterranean” have raised question marks, reported diplomacy journalist Nikos Meletis on news website liberal.gr In an interview with Turkish news agency Anadolu, Galanopoulos presented investment opportunities in Greece and referred to pipelines …

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High power prices in Greece? “Blame electricity theft!” says Energy GS

Consumers in Greece see an increase of electricity prices in April despite the decrease in the wholesale price. “Blame the electricity theft,” says General Secretary for Energy, Aristotelis Aivaliotis. The cost created by electricity theft is sent to providers who on their turn send it to consumers. 400 million euros …

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Energy Ombudsman to mediate between consumers and suppliers

The Greek Energy Ombudsman is a new service  to facilitate the resolution of disputes between consumers and suppliers. The service goes in operation on Thursday, February 1, 2024, the Waste, Energy and Water Regulatory Authority announced today, Tuesday The Energy Ombudsman mediates in order to facilitate the out-of-court resolution of …

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Greece plans first offshore wind farms to reduce fossil fuel dependence

Greece on Tuesday moved toward building its first offshore wind farms, identifying areas for private development in a draft plan that the current government hopes will lessen the country’s dependence on fossil fuels. The Mediterranean country, which is surrounded by sea and has strong, steady winds suitable for producing energy, …

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Mitsotakis rules out joint Greek-Turkish exploitation of energy resources in the Aegean

If Turkey wishes to come closer to Europe and open itself to the West, Greek-Turkish dialog must resume, New Democracy leader Kyriakos Mitsotakis said in an interview to ANT1 on Wednesday. The dialog will concern “a single and only difference [between us], that is the delimitation of the Exclusive Economic …

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Greece’s “Energy Saving at Home” subsidy platform opened for applications

Greece’s online platform for the “Energy Saving at Home” subsidy program was launched on Monday, June 12, and will accept applications until September 15, 2023. It is estimated that around 20,000 households will participate in the program, which has a budget of 300 million euros. Out of this allocation, 60 …

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EU and ECB end electricity and energy support measures for citizens

The European Commission and European Central Bank chief Christine Lagarde urged EU governments to stop energy support measures to citizens. Speaking at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament on Monday ECB chief Lagarde said: “As the energy crisis fades, governments should roll …

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“Energy tourists” owe €300-400 million to Greece’s suppliers

“Energy tourists” in Greece have burdened energy suppliers with an estimated overdue debt of 300-400 million euros. “Energy tourists” are repordely households and businesses, who move from one electricity provider to another leaving unpaid bills. According to calculations by the General Manager of “Natural Gas” and president of ESPEN (Association …

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Greece at risk of blackouts during the Easter days, Distributor warns

Greece is at risk of blackouts during the Easter days, the Independent Power Transmission Operator (ADMIE) has warned. Reason for the problem is that this year, the participation power production by the Retail Electricity Suppliers (RES) has increased and there are still no energy storage units that could provide energy …

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Lower electricity rates in April, yet Greece “most expensive in Europe”

The majority of Greek power providers have announced significantly lower rates for April, following the easing of prices in the Greek energy exchange and in international markets. In many cases the prices are already lower than 15-16 cents per KWh, which is the target price for consumers after including state …

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Menendez praises Alexandroupolis as “major defense and energy hub”

US Senate Foreign Relations Committee Chairman Bob Menendez called the East Mediterranean as a “promising region” during the 1st East Macedonia & Thrace Forum in Alexandroupoli, examining the role of the region in upgrading Greece’s geopolitical footprint. In a video message, he highlighted the prospects of the region despite the …

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Greek Chambers urge for lower energy bills

A decline in energy cost must be rapidly reflected on Greek households’ and enterprises’ energy bills, Yiannis Masoutis, president of the Union of Hellenic Chambers said on Thursday. “It is a top priority that needs to become reality, without any delay, to rapidly reflect a decline in energy cost (electricity …

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A flurry of bankruptcies for Greece’s Bakeries

Soaring energy inflation, accumulated debt, increases in raw materials and declining consumption are increasing bakeries shutdowns in Greece, with bakers not even being able to put… bread on their tables. In the last two months, more than 50 bakeries have shut down, increasing the number of “locks” to 260 within …

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Greece’s leading role in energy security of the Balkans & SE Europe

At the Berlin Process Summit in Berlin, Prime Minister Kyriakos Mitsotakis is expected to highlight Greece’s leading role, not only as a pillar of stability and security in the region, but also as a key force for energy security and the diversification of energy sources in the Balkans and Southeast …

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Industry in Greece faces 5% energy cut Dec-Mar

Government officials are busy working out the plan for reducing energy consumption by 5%, which is to become mandatory for industries from December 1, 2022 to March 31, 2023. The first draft, presented last week by the Energy Ministry and Independent Power Transmission Operator (ADMIE) to representatives of industrial companies, …

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