MacroPolis

Govt prepares to increase energy subsidies, lifts most Covid restrictions

The government is said to be readying additional funds to shield consumers against further hikes in energy prices, after the latest figures indicate that the recently announced subsidy scheme will not be sufficient.

Against backdrop of growing energy challenges, PPC capital raise stirs reaction

Although Prime Minister Kyriakos Mitsotakis and his aides have been meeting with investors in New York, the headlines in Friday’s newspapers were dominated by the news that the state-controlled Public Power Corporation (PPC) is launching a capital raise that will lead to the country’s main electricity supplier becoming majority-owned by the private sector.

Short-term fix for electricity bills leaves open questions for green transition strategy

By: Georgia Nakou

Greek households are being warned about the possibility of steep hikes in their electricity bills this winter, as the government scrambles to cushion the effects of inflation across a range of basic goods.

After wildfires, concern about power supply sparks hot political debate

As Greece braces for the peak of what is expected to be a record-breaking heatwave, public calls to limit power usage have prompted a fierce response from opposition parties to the state of the government’s planning for extreme weather events.

WWF sets out road to green economic recovery in post-Covid landscape

WWF Greece has released a blueprint for Greece’s green recovery which outlines a number of steps for the government to take to improve the country’s environmental profile.

The EU decision excluding nuclear and fossil fuels from the Just Transition Fund

On June 25, a note was issued by the General Secretariat of the Council of the European Union to the Permanent Representatives Committee granting a partial mandate for negotiations with the European Parliament regarding the proposed Regulation establishing the Just Transition Fund (JTF).

Covid-19 lockdown, slump suppress electricity demand and edge out lignite

By: Georgia Nakou

Electricity consumption in Greece plummeted by -9.8 percent in April compared to the same month last year due to the emergency pandemic measures and economic slowdown.

Forum showcases closer Greek-German trade relations, with diplomatic overtones

Prime Minister Kyriakos Mitsotakis was in Berlin on Monday as part of a scheduled visit to showcase investment opportunities in Greece, which gained additional diplomatic overtones in light of European efforts to address the crisis on the Greek-Turkish border.

Regulatory and legal challenges from the increased penetration of LNG

The route to a successful energy transition requires developing strategies that aim towards the optimization and cost-effective use of energy resources and infrastructure.

Mission chiefs pick up fifth review baton as Greece mulls new bond issue

Greek government officials are due to begin meetings with the institutions’ mission chiefs on Wednesday as part of the fifth enhanced surveillance review, which Athens hopes will pave the way for its three fiscal demands to be met later this year.