Water reserves at risk over power requirements

The power market's new operating model has led to serious collateral damage in Public Power Corporation's hydroelectric reserves that may affect the water supply of Thessaloniki in northern Greece next summer.

PPC has sent a warning to the Regulatory Authority for Energy, the Energy Ministry and the Independent Power Transmission Operator (ADMIE), as it has identified a concerning drop - for this time of the year - in water reserve levels at its hydroelectric units.

Sources from the utility tell Kathimerini that this problem is attributed to the market's so-called "target model," which since last week has been under fire from both the ministry and RAE due to the high rates emerging, with authorities investigating possible unfair practices.

PPC officials say that every day ADMIE has been asking the utility to increase the amounts of energy produced from...