Power auc­tions re­jected by all play­ers

Kathimerini English - - Focus - BY CHRYSSA LIAGGOU

Two out of the coun­try’s three big­gest al­ter­na­tive providers of elec­tric­ity, Proter­gia, which be­longs to the Myti­li­neos Group, and El­pedi­son, jointly con­trolled by Edi­son and Hel­lenic Pe­tro­leum, have openly dis­puted the model for power auc­tions aimed at re­duc­ing Pub­lic Power Cor­po­ra­tion’s mar­ket share. The first auc­tion car­ried out in ac­cor­dance with the model was deemed un­sat­is­fac­tory by all mar­ket play­ers.

The two com­pa­nies’ rep­re­sen­ta­tives yes­ter­day told the Athens En­ergy Fo­rum, or­ga­nized by The New York Times and Kathimerini, that the de­struc­tive con­se­quences of the power auc­tions model not only con- cern PPC but ex­tend to the en­tire elec­tric­ity mar­ket.

Proter­gia went a step fur­ther, rec­om­mend­ing more dras­tic mea­sures for the open­ing up of the elec­tric­ity mar­ket – which is among the coun­try’s bailout obli­ga­tions – such as the sale of PPC power plants.

“This is also an opportunity for PPC to im­prove its fi­nances,” said Proter­gia gen­eral di­rec­tor Di­nos Ben­rubi, not­ing that “for the do­mes­tic mar­ket, a healthy PPC is nec­es­sary.”

This was the first time that the mar­ket’s al­ter­na­tive providers have pub­licly ex­pressed their op­po­si­tion to the power auc­tions model.

At the same time, PPC chief Mano­lis Panayio­takis again told the cor­po­ra­tion’s em­ploy­ees that he dis­agrees with the power auc­tions, as well as with the sale of PPC units. He sug­gested the model of part­ner­ships with pri­vate com­pa­nies as an al­ter­na­tive so­lu­tion that he said would be more ben­e­fi­cial to PPC, cit­ing as a suc­cess­ful ex­per­i­ment the project of the Meliti II power pro­duc­tion unit and the com­pany’s co­op­er­a­tion with the China Ma­chin­ery En­gi­neer­ing Cor­po­ra­tion.

This con­ver­gence of views on the power auc­tions is the re­sult of the im­passe cre­ated in the mar­ket by for­mer en­ergy min­is­ter Panos Sk­ourletis’s plan, af­ter two auc­tions by elec­tric­ity mar­ket op­er­a­tor LAGIE and the con­se­quences of charg­ing power sup­pli­ers a levy to plug the gap from the re­new­able en­ergy source com­pa­nies’ ac­count, a mea­sure which proved dev­as­tat­ing for the elec­tric­ity providers.

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