Energy Costs: SEV's proposal and risks for industry

High energy costs in Greece are limiting the competitiveness and growth potential of the economy. Despite declining energy prices in Europe, Greek businesses pay 12% to 22% more than the EU average.

SEV proposed the “Energy Industrial Reset” plan, a variation of the Italian Energy Release, which provides for the allocation of 10 TWh of electricity per year for three years, at a reference price of around 55–60 euros per MWh, from new Renewable Energy Sources (RES) projects.

The Piraeus Chamber of Commerce and Industry (EBEP) and the Hellenic Association of Industrial Energy Consumers (EBIKEN) express reservations about the application of the Italian model in the Greek market, due to its peculiarities and limited interconnections.

Studies show that a 10% increase in energy costs can lead to job losses. SEV President Spyros Theodoropoulos warned of the risk of shutdowns if there is no immediate solution.

Negotiations with the government are ongoing, aiming for a scheme that meets the needs of the industry and is acceptable to Brussels, without undermining fiscal data.