The European Commission said on Thursday it had approved a Greek
auction scheme for the production of renewable electricity, saying it
would aid climate targets while preserving competition.
Under the programme, the country will organize auctions for wind and
solar projects to increase competition and lower costs to consumers.
"Greece will bring down costs for renewable energy with competitive
auctions to support renewable electricity generation,” Competition
Commissioner Margrethe Vestager said in a statement.
[Reuters/ekathimerini.com]