The Federation states that it supports the trade unions of AHK staff who express strong concern and concern about two draft decisions of RAEK on the issue.
With its decisions, RAEK is on the one hand preventing AHK from competing on equal terms in the electricity market, leading it mathematically to collapse, and on the other hand, leading the market to further increase the price of electricity, further burdening the consumer, it said in its statement.
POASO accuses RAEK that its aim seems to be to maximise the profit of the individuals who have joined the Renewable Energy Sources (RES) market, at the expense of AHK and the Cypriot consumer. This is confirmed by the chosen Electricity Market Target Model, which stipulates that bids will be submitted for the sale of electricity, but all producers, instead of being paid at the lowest price chosen, will be paid at the highest!, the statement notes.
In addition, the Federation notes that as of 2019, the RAEC does not allow AHK to develop its own RES, and prohibits it from tendering for the purchase of energy from other producers. This favours private suppliers, who will buy cheap energy and sell it to AHK at a higher price.
In short, the benefit of cheaper production, instead of reaching the consumer in the form of cheaper electricity, will be deposited in the pockets of certain individuals. A fact which the Auditor General also identifies in his letters to the RAEC, POASO stresses.
We therefore call on the State to intervene with the RAECK to stop interfering with AEC's plans to create a generation mix and cheaper electricity. We also call on the management and the management of AEK to act in every legal way to protect the interests of consumers by implementing the necessary renewable energy projects to address the uncontrollable price of electricity from oil, the Federation's statement concludes.
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