Environment and Energy Ministry

By Chryssa Liaggou

The plan for the privatization of Public Power Corporation (PPC), without doubt the biggest reform in the Greek energy sector, is entering its final stage. The tender for the sale of the Independent Power Transmission Operator (ADMIE) is under way and despite a delay to the original timetable preliminary investment interest suggests that it will be a success.

By Chryssa Liaggou

The liberalization of the local retail market for natural gas is the main priority of the new administration at the Public Gas Corporation (DEPA), as the country’s creditors are expecting the Environment and Energy Ministry to submit the bill on the necessary changes next month.

The cost of electricity appears set to increase for low household consumption (of up to 800 kilowatt-hours per four months) and decline for low- and medium-voltage commercial consumers through the termination of so-called cross-subsidies, demanded by the country’s creditors through the revised bailout agreement.

By Chryssa Liaggou

The plan for the creation of a smaller rival to the Public Private Corporation through the sale of production capacity to private investors, expected to be submitted in Parliament soon in the form of a draft law, has received some positive feedback from the market after parts of it were leaked to the media.

 Deal securing cheaper Russian natural gas for industries and households applies from July 2013 for 10 years

By Chryssa Liaggou

The Environment and Energy Ministry announced on Tuesday that Greece has secured a 15 percent discount on natural gas from Russian energy giant Gazprom for 10 years, adding that the measure will be retroactively applied from July 2013.