As philenews was informed on behalf of the Independent Power Transmission Operator (IPTO) earlier today, the implementing body of the Cyprus-Crete electrical interconnection project has submitted its request to the Cyprus Energy Regulatory Authority (CERA) for the funds it seeks to recover from electricity consumers in 2025. This is to offset the amounts that will be spent next year on advancing the project.
A similar request was submitted by IPTO to the Regulatory Authority for Energy of Greece (RAE).
A few days ago, IPTO sent additional requested information to RAEK to examine the broader issue of recovering the implementation costs for the Great Sea Interconnector.
The regulatory authority in Greece has already agreed that IPTO’s cost recovery will begin in 2025. However, CERA has not yet made such a decision, as it appears to favour starting the consumer charges at a later stage to channel funds to IPTO.
