EU Commission Approves Greek Renewable Electricity Auction Scheme
The European Commission has found a Greek auction scheme for the production of electricity from renewable sources and high efficiency co-generation to be in line with EU State aid rules.
The scheme will further EU energy and climate goals whilst preserving competition. Under it, Greece will organise regular, competitive auctions to grant support to renewable energy sources.
In 2018, Greece will organise separate auctions for wind and solar installations in order to determine their market potential.
The year after that, joint auctions for both wind and solar installations will be held to increase competition and reduce the cost for consumers of renewable energy in Greece.
State support for other renewable energy technologies will be subject to auctions as soon as they become more mature in the Greek electricity market, i.e. when they reach a predefined level of market penetration.
Moreover, Greece will evaluate the bidding processes in 2020, before designing bidding processes for the period 2021-2025.
The Commission concluded that the Greek auctioning scheme will boost the share of electricity produced from renewable energy sources, in line with EU environmental objectives, while any distortion of competition caused by the state support is minimised.
Source: European Commission
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