Romania: GE Vernova secures...

GE Vernova has signed an agreement with Greenvolt International Power to supply wind...

Montenegro launches geological surveys...

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete...

Montenegro: EPCG and France’s...

Montenegro’s state-owned power utility EPCG has signed a cooperation agreement with French renewable...

Croatia enters heating season...

Croatia is entering the new heating season with stable gas supplies, high storage...
Supported byClarion Energy
HomeSEE Energy NewsGreece, Greek energy...

Greece, Greek energy suppliers currently owe more than 350 million euros

Greek energy suppliers currently owe more than 350 million euros to the country’s market operators (electricity transmission system operator ADMIE, electricity distribution system operator DEDDIE and RES market operator DAPEEP), which is why the Government is considering the implementation of an installment- based payment mechanism.

The increase of wholesale electricity prices in recent months had a severe affect on the cash flow of energy suppliers, putting them under major financial pressure. However, the majority of the 350 million euros amount is related to state- controlled Public Power Corporation (PPC), with the large portion of debt originating from the period before the energy crisis.

The Regulatory Authority for Energy (RAE) is currently considering a solution for this problem, which includes the provision of letters of guarantee by suppliers to the operators in to prevent any further rise of the debt, immediate deposits covering 50 % of amounts owed, either in cash or through bank guarantees representing equivalent amounts and the settlement of the remaining 50 % through an installment-based mechanism consisting of between 8 to 12 payments.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania to permanently close Isalnita coal-fired power plant in January 2026

Romania’s Ministry of Energy has announced that the coal-fired Isalnita thermal power plant in Dolj county will be permanently shut down on 1 January 2026. The plant is part of the Energy Complex (EC) Oltenia. Energy Minister Bogdan Ivan made...

Romania: GE Vernova secures order to supply 252 MW Ialomita wind project

GE Vernova has signed an agreement with Greenvolt International Power to supply wind turbines for the 252 MW Ialomita wind farm in southeastern Romania. The order, confirmed in the third quarter of 2025, includes the delivery, installation, and commissioning of...

Montenegro launches geological surveys for strategic HPP Krusevo

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete step in one of Montenegro’s key energy projects. The work follows a contract signed on 29 November 2024 between EPCG and the Jaroslav Cerni Institute for...
Supported byVirtu Energy
error: Content is protected !!