Energy Authority launches public deliberation on deregulation of electricity market on 32 islands not linked with mainland grid

Greece's Energy Regulatory Authority (RAE) on Thursday put to public deliberation a plan to deregulate the electrical energy market on 32 islands that are not linked with the mainland grid, including Crete, Rhodes, Chios, Mykonos and Santorini.

The plan applies to 32 islands that do not have underwater connections with the mainland and generate electricity from autonomous systems.

Apart from renewable energy sources, the sole producer and seller of electricity in the non-linked islands today is the Public Power Corporation (PPC), whereas private energy producers are active in both the production and commerce of electricity in the rest of the country.

The core of the power supply system of the non-linked islands is expensive and pollutant-producing electricity production units that re powered by oil, at a multiple cost of that in the rest of the country.

The PPC collects annually 500 million euros from consumers on these islands (through the public utility services fee paid in the electricity bills) due to the fact that the pricing on the islands is the same as that in the rest of the country whereas the production cost is much higher. Indicatively, according to 2008 figures, the cost starts from 135 euros per KWh on Paros and Naxos and reaches 1,746 euros per KWh on Antikythira.

The public deliberation will continue through October 21.

Εγγραφείτε στο newsletter μας

Ενημερωθείτε πρώτοι για τα τελευταία νέα, αποκλειστικά ρεπορταζ και ειδήσεις απο όλο τον κόσμο