Industry representatives acknowledge the efforts made to date, but stress that the intensity of the energy crisis is creating an unprecedented existential crisis for businesses across the EU
A series of proposals to reduce the cost of energy for industry were submitted to the Prime Minister, Kyriakos Mitsotakis, in a letter sent today, by the heads of 9 industrial organizations (SEV, SBE, EBIKEN, Hellenic Production, SVAP, SVTHSE, STHEB, SEVBDE, SVSE) .
Industry representatives acknowledge the efforts made to date, but stress that the intensity of the energy crisis is now such that it is creating an unprecedented existential crisis for businesses across the EU.
They also criticize the European leadership, stressing that while Europe’s major trading partners pursue an “aggressively” supportive industrial policy, “the European Union (for now at least) is limited to empty industrial strategy announcements while insisting on punitive policies that directly threaten sustainability and the competitiveness of domestic (especially energy-intensive) industry and oppose its own climate goals”.
The proposals include changing the support model by setting a final target price and adjusting subsidies to meet it, instead of the current model of announcing support measures on a roughly monthly basis which “leads – according to industry representatives – to weakness even a short-term forecast of the final energy cost”.
It is also proposed to remove obstacles to the implementation of bilateral PPAs (Purchase Power Agreements) which are a key tool for reducing energy costs in businesses, facilitating businesses in the installation of RES systems, financing from the NSRF or the Recovery Fund for RES investments and energy efficiency (purchase of new equipment, modernization of existing infrastructure, digitization and use of alternative and renewable forms of energy).
In relation to the networks, the industry requests an upgrade of the infrastructure, for a better quality of electricity supply and securing electrical space for new RES connections, while pointing out that since August 2021, the System Charges (ADMIE) have increased by >150% without at the same time reducing the HYCO and proposes an immediate return of the charges to the pre-crisis levels for as long as it lasts, as well as a reduction of the ICOs based on the interconnections that have already been completed.
The letter also acknowledges “the state’s continuous effort to mitigate the consequences of the energy crisis on businesses. Efforts including (but not limited to) the financing tools for energy transition investments, the continued pressure on the EU and taking initiatives to find European solutions to the energy crisis, the clearing of ETMEAR, the promotion of a framework for offshore wind farms, the efforts to rapidly approval of the new compensation scheme for the cost of indirect emissions, the recognition of the importance of finding an effective compensation mechanism for the excessive energy costs for businesses”.
RES-EMP
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
