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Greece Proposes Levy on Gas used for Power Generation

NATURAL GAS

Greece proposes the introduction of a special levy on gas used for power generation according to a letter to the EU by Greek Energy minister Konstantinos Skrekas.

  • The levy would apply to only natural gas consumed for electricity generation and would exclude applications in high efficiency co-generation.
  • The funds raised could finance investments in alternative fuels, energy efficiency, energy companies’ emergency requirements and system modifications.
  • The letter suggests that a fee of 10€/MWh applied to gas used for power generation would collect €9bn annually.
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Greece proposes the introduction of a special levy on gas used for power generation according to a letter to the EU by Greek Energy minister Konstantinos Skrekas.

  • The levy would apply to only natural gas consumed for electricity generation and would exclude applications in high efficiency co-generation.
  • The funds raised could finance investments in alternative fuels, energy efficiency, energy companies’ emergency requirements and system modifications.
  • The letter suggests that a fee of 10€/MWh applied to gas used for power generation would collect €9bn annually.