By Haris Fludopoulos The electricity market is on a tightrope as the energy crisis and the jump in wholesale prices have sharply increased the costs of supply companies, but also the outstanding debts of customers, causing an acute liquidity problem to the extent that even the viability of businesses is threatened. In the past days, […]
Tag: electricity market
The new operating model of the electricity market proposed by Greece
By Haris Fludopoulos The two Greek proposals to provide incentives to industries to reduce consumption and to establish a new mechanism in the electricity market that will decouple electricity prices from natural gas will be presented to the Council of Energy Ministers by the responsible minister K. Skrekas. As Mr. Skrekas pointed out, coming to […]
Winter energy ‘sad’ will cost Europeans $200bn – or more
By Javier Blas It is a chain of energy dominoes that are falling in a wave – a chain in which each tile is worth many billions of euros. A bankrupt utility here, a country’s energy reserves there. When the dust settles, the total bill for bailing out the European energy market this winter will […]
Electricity: End of the adjustment clause from the 1st of August
The non-application of the adjustment clause in the fluctuating electricity tariffs from August 1, 2022 to July 1, 2023 is provided by an amendment submitted to the Parliament by the Ministry of Environment and Energy. The “freeze” in the adjustment clause comes as a result of the operation of the new intervention mechanism for electricity […]
Concerns about a new wave of outstanding debts in the electricity market
Of Thanks to Floudopoulos In the shadow of worries about a possible new wave of outstanding debts, the electricity market has been operating lately. Cause the waves of lawsuits, collective and individual that have been filed challenging the legality of the famous adjustment clause. In fact, last week we had the issuance of a temporary […]
After the lockdown … the blackout
By Costas Raptis Could there be anything worse than a lockdown in the winter? A blackout maybe – but in this case the political consequences are completely impossible to predict. Kosovo has already started power outages since Wednesday, due to a combination of low domestic electricity production and high energy import prices. The small Balkan […]
Climate of intense concern in the electricity market
Of Thanks to Floudopoulos A climate of intense concern is expressed by sources in the electricity market regarding the course of prices in the wholesale market. It is characteristic that for today a new record is expected in the wholesale cost of electricity at 276.47 euros / MWh, with the maximum price reaching 356.95 euros […]