Greece is expected to save €3.7 billion between 2026 and 2034
Greece is expected to save €3.7 billion between 2026 and 2034 as electricity interconnectors linking non-connected islands to the mainland grid are completed, significantly reducing the extra costs currently embedded in power bills nationwide.
For years, many Greek islands have operated autonomous power systems, generating electricity locally — often with oil-fired plants. Because this form of production is far more expensive than mainland generation, the additional cost is shared by all consumers across the country through regulated surcharges on electricity bills.
By integrating the islands into the national transmission system, those excess production costs will be dramatically reduced.
Major Gains From the Cyclades and Crete
The first wave of substantial savings will come from the full interconnection of the Cyclades and Crete. Crete will be linked to both Attica and the Peloponnese, ensuring greater stability and capacity.
From 2026 to 2030, the average annual reduction in electricity-related public service charges is estimated at €550 million.
Beginning in 2031, when the Dodecanese and the islands of the North Aegean are going to be incorporated into the mainland grid, annual savings are projected to nearly double, reaching approximately €1 billion per year.
Net Annual Benefit for
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
