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Greece: High wholesale electricity prices narrow RES special account deficit in 2024

Prolonged high wholesale electricity prices in recent months have significantly reduced the projected deficit in the RES special account, bringing it down to approximately 50 million euros by the end of the year. This is just a fifth of the previously estimated deficit.

In its latest report, the RES market operator DAPEEP had initially predicted, under different market conditions, that the RES special account would close the year with a deficit of 257.19 million euros.

After a brief decline in October, wholesale electricity prices have rebounded, reaching levels of 135 to 140 euros/MWh, similar to those seen during the summer months. This increase in day-ahead market electricity prices has substantially boosted revenues for the RES special account, driven by projects with feed-in tariffs managed by DAPEEP and feed-in premiums overseen by green aggregators.

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