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Cost Of Electricity To Be Reduced In 2022, RES Fee Must Be Revised, Pilides Says
November 25, 2020
The cost of electricity is expected to be reduced in 2022, as the market opens to competition and the project to bring natural gas is expected to be completed by the end of this year, Energy Minister Natasa Pilides said.
Addressing the House Committee on Energy, the Minister said that money in the Renewable Energy Sources and Energy Conservation Fund is running short after 2022 with the existing RES fee, that was lowered to €0.5 per kilowatt-hour (kWh) in 2020. The fee will be maintained at the same levels until 2021 and the House Committee started discussions to revise it from 2022, in the Minister’s presence.