Treating rheumathems and shielding the distribution network against extreme natural phenomena, such as fires, require high investment on the side of HEDNO. This is the conclusion of the successive budget increases of the five -year development plan (SAD) devised by the manager.
It is indicative that of € 2.2 billion for 2022-2026, the cost of investment for 2024-2028 was up to EUR 3 billion and DEDDIE has now consulted the plan 2026-2030, which has a budget of € 4.79 billion.
As every year, the Energy Regulatory Authority (RAAE) is not expected to accept the new plan as a whole, so it will ultimately have a rather lower cost when approved. For example, the immediately preceding SAD was reduced from 3.2 to 3 billion euros.
However, again, a significant increase in costs, which DEDDIE finally regains consumers through the regulated billing bills.
In the new five -year DEDDIE has included a total of 204 projects. The € 1.7 billion concerns the “other network projects”, including smart meters. Expenditure for their installation will reach $ 1,433 billion in the period 2026-2030. The central goal is to tackle the phenomenon of rheumatopes that costs dearly to legal citizens, who in this case are estimated that what they pay will take it back and above. It is worth recalling that in 2022, the cost of rheumatoid arthritis was close to € 100 million per month.
At the same time, smart meters will allow the implementation of dynamic electricity invoices, where the consumer can take advantage of different charges within the day. Their premiere is expected to take place in the coming months.
The rest of the SAD money relates to the growth and strengthening of the network with underwater cables, underground upgrades and various other projects that are considered necessary.
Also include 43 new projects, such as the connection of Paxos and Kea to new cables (60 million), the replacement of transformers (100 million), but also the development of a new management platform and the hardware for remote management of substations (61 million).
The general purpose of all the above investments is to modernize the network and shield it against threats such as fires and floods that regularly hit our country. At the same time, the distribution system must be able to welcome the above demand and the new connections expected in the coming years, as well as small RES stations, such as photovoltaic, where investment interest is very strong.