Eurelectric, the association of European energy companies, representing more from 3,500 companies from 30 countries, announced today the new Board of Directors in which the role of vice-chairman is assumed for 2 years by the President and CEO of PPC, Mr. Giorgos Stassis. President of the Board of Directors of Eurelectric remains the CEO of E.ON, Mr. Leonhard Birnbaum.

Referring to the priorities of the new Eurelectric Presidency, the President and CEO of PPC stated: “The electricity sector is at the forefront of the evolving energy transformation. But there are two challenges ahead: the scale and pace of development of clean technologies. To provide reliable and affordable electricity to consumers and at the same time meet our climate goals, we need a flexible electricity market that promotes investment while at the same time reducing the risk of short-term price spikes.”

From the left, the Vice President of Eurelectric and CEO of Fortum, Mr. Markus Rauramo, the Chairman of the Board of Directors. of Eurelectric and CEO of E.ON, Mr. Leonhard Birnbaum, and the Vice-President of Eurelectric and President and CEO of PPC, Mr. Giorgos Stassis.

The President and CEO of PPC participates in Eurelectric representing him Association of Electricity Companies of Greece (SEHE).

Eurelectric’s vision for Europe’s “clean” energy autonomy

The global energy landscape is changing radically. The war in Ukraine, the energy crisis and aggressive industrial policies have put Europe under pressure. Achieving carbon neutrality and energy independence requires a gear shift to accelerate clean and renewable energy solutions.

Eurelectric’s Board of Directors set three priorities, the strengthening of electricity networks in the context of the energy transition, the secure supply of Europe and ensuring suitable investment conditions.

A top priority is the expansion and digitization of electricity infrastructure, as significant new loads from renewable energy sources, heat pumps and electric vehicles should be connected in the coming years. For RES generation alone, connecting an additional 650 GW by 2030 in Europe remains an unthinkable challenge without modernized and resilient grids. At the same time, significant energy storage and consumer demand response projects and actions are needed to ensure reliable supply.

As Eurelectric reports, meeting these challenges is only possible with a stable investment framework that will facilitate major investments in RES, storage and distribution. The risks, costs and benefits of such a framework should be fairly shared between investors, consumers and the State.