The Cyprus Recovery and Resilience Plan will lead to the establishment of a regulatory framework for promoting the participation of storage facilities in the electricity market.
This reform will facilitate the promotion of electricity generation from renewables, which is key for the efficiency and viability of the electric system of the country.
The reform will amend the Transmission and Distribution Rules (TDRs) and the Trading and Settlement Rules (TSRs) to allow storage facilities to participate in the wholesale electricity market.
The amended (and approved by CERA) TDRs (5.3.0) entered into force with the publication of the relevant CERA’s Announcement in the Official Gazette of the Republic on 8 April 2022.
The amended (and approved by CERA) TSRs (2.2.0) entered into force with the publication of TSOCs Announcement in the Official Gazette of the Republic on April 8, 2022.
Both these Rules shall apply as from 30 September 2024.
More information can be found on the Cypriot Transmission System operator’s website at the following links:
- Amended TDRs (5.3.0): https://tsoc.org.cy/electrical-system/transmission-and-distribution-rules/
- Amended TSRs (2.2.0): https://tsoc.org.cy/electricity-market/electricity-market-rules/
- Reference
- C2.1. R4
- Project locations
- Cyprus
- Project website
- https://tsoc.org.cy/electricity...