Regulatory Uncertainties in the Cyprus-Greece Energy Interconnection
November 28, 2024
The Cypriot Regulatory Authority (RAEK) and the Greek Regulatory Authority (RAAEY) decided not to approve the recovery of 36 million euros by ADMIE. However, RAAEY seems to be reconsidering this decision despite RAEK's opposition. If RAAEY diverges, the burden may fall entirely on Greek consumers. Additionally, pressures are mounting on ADMIE due to delays in advancing the project.