Greece: Deficit on RES special account

The deficit of the RES special account amounts to 67.3 million euros at the end of May, according to Greek RES market operator. If 70 million euros required by law reserve is taken into account, the deficit rises to over 137 million euros.

CO2 emission right revenues for the RES special account dropped to 17 million euros in May, from 23 million euros a month earlier.

RES market operator has projected a RES special account deficit of 154 million euros at the end of 2020, or 224 million euros if 70 million euro reserve is included. It also forecasted a CO2 emissions right price average of 25 euros/ton for the second half and an average of 20 euros/ton for the entire year.

LATEST NEWS

• September 20, 2021 Serbia, Director of Strategy at EPS said that the company sees the transition to RES as realistic and sustainable
• September 20, 2021 Romania, OMV Petrom has completed the first LNG delivery to Damen Shipyards Mangalia
• September 20, 2021 Romania, EC Oltenia is planning to build eight solar power plants with a combined capacity of 725 MW