Law 5037/2023 (Government Gazette 78/28.03.2023) was adopted by the Greek Parliament on 20.03.2023, as part of the European Union’s policy for achieving the Union’s 2030 climate and energy targets, as well as its broader long-term goal of achieving a low-carbon economy by 2050.

31May

Law 5037/2023 (Government Gazette 78/28.03.2023) was adopted by the Greek Parliament on 20.03.2023, as part of the European Union’s policy for achieving the Union’s 2030 climate and energy targets, as well as its broader long-term goal of achieving a low-carbon economy by 2050.

Energy Law, Information

The most significant changes it has brought about in the energy sector are as follows: The competence expansion and renaming of the “Regulatory Authority of Energy” (RAE), the forms of energy communities and the limits on virtual net metering, which can now be carried out by individuals and businesses, as well as the owners of power plants from renewable energy sources (RES) and CHP.A. (High Efficiency Cogeneration of Electricity and Heat) that have drafted a Feed-in Premium contract. Furthermore, changes were made to the non-tender tariff for “small” solar and wind farms, as well as the framework for launching and overseeing the implementation of projects for which a Connection Contract with the system is desired.

These reforms are headed in the right direction, because after experiencing the energy crisis, we should work toward our country’s autonomy through renewable energy sources. During this transition, any household consumer or business that want to participate is invited to engage within the institutional framework to protect their interests.