A teleconference concerning Greece, Cyprus and Israel's electrical interconnection project was held on Tuesday by the three countries' power operators.
Participating in it were Greece's Independent Power Transmission Operator (ADMIE), Cyprus' Transmission System Operator Cyprus (TSOC), and Israel's Independent System Operator (NOGA).
A solution appears likely for the funding snags for EuroAsia interconnector, the planned high-voltage direct-current cable that will connect the power grids of Greece, Cyprus and Israel.
Electricity demand in Greece is expected to hit a new record on Tuesday and Wednesday, putting fresh pressure on electricity rates and posing even greater challenges for the transmission and network system operators (ADMIE and DEDDIE), as the third heatwave finds infrastructure strained by temperatures which have remained higher than usual for the time of year for almost two weeks.
The heatwave of the last few days generated upward trends in electricity rates, as demand skyrocketed mainly from households that resorted to the use of air conditioners to cool down.
In the week of July 10-16, electricity demand increased by 15% compared to the immediately preceding seven-day period and reached 1.2 terawatt-hours, with the hourly load increasing by 944 megawatts.