Greece yesterday proposed to the European Commission that the country further liberalize its energy market by exchanging lignite-powered capacity produced by Public Power Corp SA. Under the proposal, PPC would swap electricity produced from lignite for power of an equal value from a producer in another European Union country, the Environment, Energy and Climate Change Ministry said in an e-mailed statement.
According to the proposed framework, PPC will offer to swap electricity until 2020 produced in power units that will cease to operate that year or from units that will function beyond 2020, where contracts will last 15 years with the possibility of five-year renewals, according to the statement.