The Green Tank participated in the Independent Power Transmission Operator’s (IPTO) public consultation on the Preliminary draft of the Ten Year Development Plan (TYNDP) of the Hellenic Electricity Transmission System (HETS), for the period 2022 – 2031.
The Green Tank stressed that there is a significant difference between the draft on the Ten Year Development Plan of HETS for the period 2022-2031 and the special study by ITPO relating to the adequacy of electrical capacity and the National Energy and Climate Plan (NECP) regarding the new fossil gas infrastructure. There difference noticed between the TYNDP and the NECP is 1600MW for new fossil gas plants.
The choice made by the TYNDP for 5 or 6 new fossil gas plants is unrealistic for three reasons:
- The NECP should be revised according to the new EU climate target for 2030 for emissions reduction at 55% compared to 1990, which is translated to further RES development in the electricity sector in Greece at about 83-88%. This leaves no “electrical space” for 5 or 6 new fossil gas plants.
- The European funding does not support investments on fossil gas, as they are not characterized as sustainable investments under the scope of Sustainable Taxonomy Regulation.
- The prediction for CO2 prices for 2030 is that they will reach approximately 80€/ tn. This development will challenge the financial sustainability of new fossil gas plants.
Insisting on building new fossil gas plants will be a wrong choice that will lead to unused infrastructure and higher electricity cost along with incompatibility to the European climate targets.
The Green Tank’s contribution to the consultation are available (in Greek) here.