Confronted with a new rise in cost her energy Greece is again as a result of exogenous factors.
Last July, the cost of energy was raised due to the inadequate interconnection of SE Europe with the rest of Epirus and the passage of high electricity values to our parts. The sequel was similar in winter, and the data remains more or less the same this summer, if not even worse.
On the Greek side there are complaints that the EU are expressed. He did not adequately deal with the issue of concern to our region. The relative Task Force set up last year has not yet taken actions that will face high prices. Thus, the letter sent to the Commission President Kyriakos Mitsotakis to the Commission.
The government has requested that the Task Force meet immediately, while moving towards the creation of another regional working group to run certain actions may be faster. Any decisions made there will be notified to the Commission for a rapid approval no matter what will happen to the European Task Force.
The Role of France and Iran
However, our country’s efforts find additional obstacles that cannot be addressed. The Israeli-Iran war has raised the price of natural gas which in turn affects the cost of electricity. The TTF gas contract now climbed more than 38 euros, compared to 34-35 euros before the bombings.
Another issue that seems distant, but has a direct impact, is the condition of France’s nuclear power stations. This year, as in earlier years, cracks have been found in reactors, resulting in an immediate inspection by the authorities. Thus, a number of French nuclear power stations is expected to be shut down this year and the market expects to see what the definitive sizes will be.
As France is Europe’s “battery” and exports huge quantities to its neighbors, concerns about a new energy domino is expressed. In this scenario, there will be a wave of ratings that will hit one country after another and reach the Balkans. After all, this French domino has been seen twice in the last decade again and the consequences have been noticeable.