Protergia

Mytilineos announced on Wednesday that its energy arm, Protergia, will introduce energy provenance tracking and tracing features in Greece, in partnership with Powerledger.

With the Powerledger platform, Mytilineos and Protergia's consumers can now track, trace and visualize where their energy comes from in near-real time, and track their carbon footprint granularly.

"Green" power tariffs will range between 13.6 and 17 cents per kilowatt-hour in January, according to the announcements of electricity suppliers. 

The majority of electricity suppliers have announced reduced tariffs in June (compared to those in May), following the decline in prices on the Energy Exchange.

Electricity suppliers announced on Friday lower bills for May, with prices very close to the target set by the government for final charges to consumers. 

More specifically, Public Power Corporation reported a charge of 15.9 cents per kilowatt-hour for energy consumption up to 500 KWh, down from 16.5 cents in April). 

PPC shares show recovery trends during the five months of the energy crisis.

Through the Electricity and Gas sector - Protergia, Mytilineos signed an agreement with Copenhagen Infrastructural Partners (CIP), based in Denmark, on behalf of the investment scheme "CI New Markets Fund I" for joint cooperation (CIP 60% / MYTILINEOS 40%) for the development of offshore wind farms in marine areas of Greece.

Mytilienos subsidiary Protergia is the first alternative power provider to have reacted to the increase in the price of electricity from Public Power Corporation, as on Thursday it launched three new packages for the electricity retail market following the model set by cellphone networks.

Greece's state-owned Public Power Corporation (PPC) will be obliged to sell off more of its power sales to smaller power providers in order to meet binding targets set by the country's 2015 bailout deal to reduce its market dominance.

A shadow has been cast over the local power retail market, in which there are 18 active companies, including Public Power Corporation. With a handful of exceptions, all are showing losses from the supply side, including PPC, which holds an 82 percent share.

The Mytilineos group's decision to construct a new combined cycle unit fueled by natural gas represents a change in the electricity market landscape, which today is dominated by retail developments and the sale of Public Power Corporation lignite plants.