The government is considering imposing a special levy on energy companies’ surplus profits due to soaring wholesale electricity prices. Prime Minister Kyriakos Mitsotakis will address this issue in a meeting with energy ministry officials and the regulatory authority.
The regulatory authority is investigating potential speculation in electricity offers, focusing on cases where prices are significantly higher than operating costs. Additionally, the authority will examine how lignite units enter the system, aiming to reduce compensation costs and market prices.
Recent data shows a 38.42% increase in the average market clearing price, reaching a 71-week high of €143.79 per megawatt-hour. High demand during a heatwave led to a spike in electricity prices, impacting both renewable energy units and imports.
Despite efforts to stabilize prices, the situation remains challenging. The investigation and potential levy aim to address these issues and ensure fair pricing in the energy sector.