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3 weeks ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY LINK Gas to flow from Greece to Slovakia, Ukraine [Greek Ministry of Environment and Energy] Greece’s strategy for utilizing existing natural gas infrastructure in the Southeastern Europe region in reverse flow is on track for implementation.
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4 weeks ago | 
ekathimerini.com | Chryssa Liaggou
ECONOMY BUSINESS Heracles’ carbon capture and storage unit in Evia Heracles Group is proceeding with the start of construction of the large-scale carbon dioxide capture and storage project named “Olympus” at its factory in Milaki, Evia. On Thursday, the company’s management held the groundbreaking ceremony for Olympus in the presence of Prime Minister Kyriakos Mitsotakis.
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4 weeks ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY RETAIL Power market now sees ‘subscription’ packages on offer “Subscription” electricity packages are the new product in the energy market. For the first time, electricity consumers will be able to choose a fixed subscription tariff each month, including all charges to third parties, instead of a monthly payment based on kilowatt-hours consumed.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY DEPA’s new venture with Volton, Clavenia DEPA Commercial has laid the foundations for the creation of another strong pole in the energy market through its partnership with Volton, Israeli-owned Clavenia and the Greek-owned Sirec Energy fund for the implementation of a new natural gas-fired power plant, in an investment of 600 million euros.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY Households pay for unlaid cable link Greek consumers to begin footing bill on July 1, despite unclear future of Crete-Cyprus energy project Greek electricity consumers will begin paying in July for the proposed undersea power interconnection between Crete and Cyprus – a project still lacking a definitive construction start date or confirmed implementation timeline.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY Europe split by power rates The large increase in wholesale electricity prices in recent days in Greece and neighboring countries is causing concern as it awakens memories of the mini energy crisis of last June. For the second time in a year a large as well as strange decrease in cheap electricity exports from Western to Southeastern Europe and Ukraine has been recorded.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ELECTRICITY Obstacles to power grid safety A number of unexpected factors have prevented the Greek power grid from being secure. Red tape, reactions and legal considerations are standing in the way of the implementation of critical and costly projects for the safe electrification of the country.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY Unpaid power bills soar 40% The overdue debts of electricity consumers to providers skyrocketed in 2024, recording a jump of 39.9% compared to 2023. Watchdog RAAEY’s report on the retail electricity market in 2024 showed the total overdue debts of households, small, medium-sized and large enterprises reached 3.4 billion euros, compared to €1.44 billion in 2023.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY Plan B to reroute power cable The future of a major subsea electricity interconnection between Crete and Cyprus is uncertain amid financial and geopolitical setbacks, prompting Greek authorities and grid operator ADMIE to consider rerouting the under-construction cable to the Aegean Sea.
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1 month ago | 
ekathimerini.com | Chryssa Liaggou
ENERGY ELECTRICITY RES producers face negative power rates The price of a megawatt-hour on the energy exchanges of Europe, with the exception of Italy, fell into negative territory to -142 euros at noon on Thursday, and in Greece to -€50. It was the first time negative prices have appeared in the Greek market to such an extent, as the previous record low was -€1.02/MWh on April 28, 2024.
