Greece: Renewable sources account annual drop in revenues

Through the special RES account producers of electricity from renewable sources are being paid. This account, is currently showing a 423 million euros annual drop in revenues. This is mainly a result of the drop in the marginal system price and the reduction of carbon emission prices, factors that have significantly improved the energy suppliers’ profit margins. According to the figures, the total benefit to suppliers from the drop in system prices, emission costs and oil rates amounts to 1 billion euros. RES producers are proposing that the suppliers should cover the special account’s deficit.