In the final compromise text at the Council of Energy Ministers that met yesterday, the two proposals claimed by the Greek side were finally included.

Specifically, according to the Ministry of the Interior, the possibility of activating the protection mechanism against any high prices as applied in Greece and reflected in a relevant EU regulation is expressly provided for. The mechanism, if needed in the event of a new crisis, provides for the collection of excess revenues from the wholesale market to finance consumer price subsidies.

Also, in the framework of the power availability mechanisms, an explicit provision was included that allows the availability fee for natural gas units if they meet the technical specifications that will be required, a provision that will allow the flexibility mechanism to be applied as the Energy Commissioner also explicitly stated.

The disagreement that remained in the Council concerns the manner of implementation of the financial disputes agreements between the state and nuclear plants that are renovated and extend their life time. Agreement was reached on all other issues.