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4 days 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 week 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.
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1 week ago |
ekathimerini.com | Chryssa Liaggou
ENERGY Retail electricity rates climb in May Power providers raise green tariffs in spite of last month’s wholesale price decline Despite a drop in wholesale electricity prices, Greek consumers saw retail rates for variable electricity plans rise in May, prompting a major shift toward fixed-rate contracts.
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2 weeks ago |
ekathimerini.com | Chryssa Liaggou
ECONOMY BUSINESS Metlen opts to invest in metal recycling With a radical transformation, the details of which will be announced on June 3, Metlen will advance its development path, including circular metallurgy, that is, the recovery of metals from industrial by-products, in its strategy.
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2 weeks ago |
ekathimerini.com | Chryssa Liaggou
ENERGY Greece closely monitoring Iberian power supply failure People walk in Park Manzanares as Madrid Open matches were suspended due to a power outage, in Madrid, Spain, on April 28, 2025. [Violeta Santos Moura/Reuters] The Ministry of Environment and Energy convened an emergency briefing Monday night following a major blackout across Spain and Portugal.
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2 weeks ago |
ekathimerini.com | Chryssa Liaggou
ECONOMY ENERGY Why power users stick to green rates Green electricity tariffs may now be more expensive than blue (fixed) and yellow (floating) tariffs. However, seven out of 10 consumers still choose green ones. In addition to the force of habit, their attitude reflects the lack of trust in providers, due to the complexity of contracts, the fine print and the difficult-to-understand mathematical formulas for calculating the price of electricity.
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2 weeks ago |
ekathimerini.com | Chryssa Liaggou
ENERGY Power subsidies linked to conduct Government expands aid for small and medium-sized businesses, but punishes confirmed electricity theft More than 1 million small and medium-sized businesses in Greece will receive retroactive electricity subsidies for the winter months, while 32,000 companies found to have committed electricity theft will be excluded from the program, the Ministry of Environment and Energy announced on Friday. The subsidies, covering the period from December 1, 2024 to...
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3 weeks ago |
ekathimerini.com | Chryssa Liaggou
ENERGY Power thieves face forced closure Businesses caught stealing electricity may face temporary or permanent shutdowns, says ministry The Environment and Energy Ministry is preparing tough new measures to combat rampant electricity theft, including shutting down businesses caught stealing power. The new policy, to be unveiled by Minister Stavros Papastavrou, aims to strike at the core of a costly and deeply rooted problem.
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3 weeks ago |
ekathimerini.com | Chryssa Liaggou
ENERGY Green energy on the trash heap during Easter surge Roughly 30 GWh of renewable energy – enough to power four conventional power plants – was discarded in Greece over the Easter holiday weekend as a result of insufficient energy storage capacity. With solar production soaring and electricity demand plummeting, grid operators IPTO and HEDNO were forced to cut off green energy from the system to prevent a blackout.
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1 month ago |
ekathimerini.com | Chryssa Liaggou
ENERGY ENERGY PPC unveils ambitious €5.75 billion plan for West Macedonia In Ptolemaida on Thursday, Public Power Corporation presented an ambitious investment plan for the transformation of West Macedonia into a technological and green energy hub for Greece and Southeast Europe.