Montenegro: EPCG to launch...

According to Milutin Djukanovic, the Chairman of the Board of Directors at Montenegrin...

Hungary: Paks nuclear power...

Hungary's only nuclear power plant, Paks, operated by the state-owned energy company MVM,...

Croatia forms working group...

The Croatian Ministry of Economy has formed a working group on nuclear energy,...

Bulgaria: TPP Maritsa East...

State-owned thermal power plant Maritsa East 2 reported a remarkable surge in electricity...
Supported byClarion Energy banner
HomeUncategorizedGreece: Electricity producers...

Greece: Electricity producers did not speculate on energy exchange

Electricity producers in Greece do not appear to be profiteering from higher wholesale electricity prices, pushed up by a series of factors, including greater demand amid the hot weather, initial findings of an investigation conducted by RAAEY, the Regulatory Authority for Energy, have shown.

The authority has summoned the country’s producers to a hearing today as part of its ongoing investigation into the escalation of wholesale electricity prices.

Producers are expected to be asked for information on their bids, documentation, and incurred costs so that RAAEY can determine whether these are reasonable or potentially conceal unfair speculation.

Initial findings from RAEEY indicate that the higher prices concern the wider southeast European market and primarily stem from Hungary.

A combination of three factors leading to higher prices has, so far, been identified by RAEEY. Besides greater demand around Europe resulting from the hot weather, unavailability of transmission lines, either as a result of technical faults or maintenance work, as is the case along a line connecting Hungary with Romania; as well as halted production at the Kozloduy nuclear power plant in Bulgaria, now restored, have also been been identified as causes.

Given the temporary nature of the price escalation’s contributing factors, RAAEY believes the adversity will probably have subsided by next week.

One additional piece of information that suggests domestic electricity producers are probably not profiting from the adverse market conditions is their current high level of exports. In other words, domestic electricity producers are generating at lower prices, compared to regional prices, resulting in domestic electricity output being absorbed abroad, energypress.eu reports.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Montenegro: EPCG to launch tender for 240 MWh battery energy storage systems

According to Milutin Djukanovic, the Chairman of the Board of Directors at Montenegrin state-owned power utility EPCG, the company is preparing to launch a tender for battery energy storage systems (BESS) with a total capacity of 240 MWh. The...

Hungary: Paks nuclear power plant achieves fifth-highest production record in 2024

Hungary's only nuclear power plant, Paks, operated by the state-owned energy company MVM, closed 2024 with its fifth-highest production record in history. The plant’s four reactors produced a total of 16,016.6 GWh of electricity, which accounted for nearly half...

Croatia forms working group to explore nuclear energy solutions and future energy strategy

The Croatian Ministry of Economy has formed a working group on nuclear energy, consisting of experts from academia, state institutions, and the energy sector, alongside representatives from the Ministry. Croatia has been a co-owner of the Krsko nuclear power...
Supported bySEE Mining News
error: Content is protected !!