Energy Regulatory Authority

The Board of Directors of the Electricity Authority of Cyprus (EAC) has granted the contract for 400,000 smart electricity meters to telecommunications market leader Cyta, following pressure from the Energy Regulatory Authority and in compliance with European Union Recovery Mechanism obligations.

PPC Renewables on Tuesday announced it has won a tender by the Energy Regulatory Authority to develop a hybrid energy station of renewable energy sources (RES) in Astypalaea in the framework of an innovative program "Astypalea: smart and sustainable island".

After twenty years of adventures, the process of approvals and licenses began so that the construction of the Spinalonga electricity project can start. A few days ago, the municipal council of Agios Nikolaos, Crete approved the project as well as the terms of the relevant contract with HEDNO, the operator of electricity transmission networks.

More than double the current imports of liquefied natural gas (LNG) will be required to meet electricity and gas consumption needs in Greece and neighboring countries if Moscow cuts off gas supplies through pipelines to our northern borders.

The price of electricity on the Energy Exchange showed a leap of 39% to 334.43 euros per megawatt hour today, Monday, according to yesterday's closing of the daily market. This is one of the highest prices in recent months, a development that is interpreted as the result of the production mix.

With the new large photovoltaic park, with a capacity of 16 MWp, expected to be completed within 2022, Athens Airport enters the final stretch to achieve the goal of zero carbon footprint in 2025.

For the second time in a few months, the energy suppliers, PPC and private providers, are opposed to the context of the interventions of the Energy Regulatory Authority, which, according to RAE, aim at the transparency of the bills that consumers pay for electricity.

The wholesale electricity market has not been running smoothly and authorities are concerned that exorbitant price rises may find their way onto consumers' bills.

A month after the so-called "target model" to determine wholesale electricity prices was introduced in Greece, prices have more than tripled, prompting the Energy Regulatory Authority (RAE) to intervene.

AGERPRES special correspondent Nicoleta Gherasi reports: Romania's target for renewable energy sources for 2030 is 27.9pct and we hope that the European Commission accepts a target below the average level of Europe, said Zoltan Nagy-Bege, Vice President of the Energy Regulatory Authority (ANRE), at the WindEurope Conference & Exhibition, in Bilbao.

In a market where power companies are increasingly engaging call centers to advertise complex electricity packages over the telephone, consumers need to be cautious when considering switching energy providers, the Energy Regulatory Authority (RAE) says.