1. Planning and implementation of Energy efficiency
Hellenic Republic
Ministry of Environment, Energy and Climate Change
Department for planning and coordination of NSRF co-financed actions (Energy sector)
Planning and implementation of Energy efficiency
in private housing in Greece in the framework of regulations
397/2009 and 539/2010
Nikos Kleniatis
Head of Department
Brussels, November 2011 1

2. Building Sector in Greece
Construction sector plays major role in Greek economy, corresponding to almost 20% of Greek GDP
Buildings correspond to about 36% of total final energy consumption
Buildings = residential buildings (32%).
Households
Agriculture
32% 7%
Transport and building sectors account for the greatest energy consumption. During energy consumption raised by 2%.
Transport
38%
Tertiary sector
Industry
11%
12%

3. Energy Consumption of the Building Sector in Greece
Main problem
Number of buildings per time period in Attica Region
Non insulated buildings
ggggggg
Fact
60% of all buildings are constructed before 1980, date of entry into force of Insulation Regulation
high energy consuming buildings
Study In cooperation with the University of Athens: specialized study, identifying the buildings and the upgrades which will lead to the maximum possible improvements with the minimum possible cost. Electricity consumption accounts for 27% of total final energy consumption while 73% is spent on thermal needs. This is due to energy behavior and the oldness of buildings. Integrated character of interventions for energy saving to reduce energy demand.

4. Establishment of New Financial Engineering Instrument
Donation from OPs or ROPs
OP1
OP2
OP3
ROP1
ROP2 D
Operational Programs (OPs)/
Regional Operational Programs (ROPs)
Public Investment Programme
FUND
“Exoikonomo kat’ Oikon”
FINANCIAL INSTITUTIONS
Own capital
Selection Process CALL FOR PROPOSALS
Co investment
Holding Fund + Financial Institutions
ratio 1:2
Regulation 832/2010 art.1
LOANS
LOANS
LOANS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSEHOLDS
HOUSE HOLDS
HOUSE HOLDS
HOUSE HOLDS
HOUSE HOLDS 4

5. Establishment of New Financial Engineering Instrument Process & Milestones
Fund Establishment
(legal framework, JMD issue) /
Funding Agreement ETEAN
and Greek Authorities
Call for Proposals
(selection of co investors)
Selection of banks
Co financing agreements
with 4 Banks
New Financial Engineering
Instrument

6. TOTAL PROGRAMME BUDGET – LIQUIDITY TO MARKET
155 mio €
241 mio €
FUND
GRANTS
FINANCIAL INSTITUTIONS
Co investing Ratio 1:2 482 mio €
EXPECTED CASH FLOW TO MARKET 1 BN €

7. Program Players REVOLVING FUND GRANTS
MANAGING AUTHORITY OP COMPETITIVENESS
MINISTRY OF ECONOMY
Department for Planning & and coordination of co financed actions
ΕΤΕΑΝ ΑΕ = ΔΙΚΑΙΟΥΧΟΣ
ΤΡΑΠΕΖΑ
ΕΝΕΡΓΕΙΑΚΟΣ ΕΠΙΘΕΩΡΗΤΗΣ
ENERGY INSPECTORS
HOUSEHOLDS= final recipients
FUND “Exoikonomo kat’ Oikon” INVESTMENT COMMITTEE
FINANCIAL INSTITUTIONS
REVOLVING FUND
ETEAN AE = BENEFICIARY/FUND MANAGER
GRANTS

8. Verification of Eligibility
Program Procedure
Implementation of interventions
HOUSEHOLDS 1
1st Energy inspection 4
30 % loan disbursement
Application to the bank
2nd Energy Inspection & Project verification 2 5
Verification of Eligibility
Total loan disbursement & benefits 6
Financing Decision 3

9. PLANNING PROBLEMS ENCOUNTERED
Long consultation with many stake holders EC
Managing Authority OP Competitiveness
Financial institutions
Market
ETEAN
Competent authorities for buildings regulation
Complexity of the building sector
Absence of legislation framework before 1955
Different authorities issued building permits before 1980
Newly legislative framework through the Buildings’ Energy Efficiency Regulation
New Inspectors Registry

10. PLANNING PROBLEMS ENCOUNTERED
Set up of a complex administrative scheme in order to safeguard the EC money vs. simplicity for citizens
COCOF’s guidelines under amendment throughout the planning period
Reluctance as to the attractiveness of the financial engineering scheme best use of financial engineering scheme combined with grants
Need for shaping energy “culture” to citizens
Long period for program maturity due to difficulty by all players to adapt to its philosophy and parameters

11. Program Results (to date)
Number of Applications:
Number of loan
pre approval (credit control):
Number of pre-approved
Applications
(eligibility verification):
approved
applications: 7.322
4.728
loan agreements
2000
30 % loan disbursements

12. Regional Distribution of approvals

13. Breakdown Information on Interventions (approvals)
% of category interventions
Replacement of doors/windows (frames/glazing) 90%
Installation of heat insulation 48%
Upgrading of the heating and hot water supply systems 64%
% of eligible budget per eligible category of interventions
Upgrading heating and hot water supply systems
Για την ακρίβεια 984
Αφορούν τ.μ.
Replacement of doors/windows (frames/glazing)
Installation of heat insulation

14. Energy Savings Estimates
Based on information contained in the energy certificates, implementation of the approved applications will lead to annual primary energy savings of 170 kWh/m2 which corresponds to a 40% reduction of energy consumption
Total annual energy saving for 2012 is estimated at 200 mio kWh based on the mature applications (pre-approved)
Για την ακρίβεια 984
Αφορούν τ.μ.

15. more than 300 mio € disbursed in 2012
CHALLENGES
EVENTUAL RESPONSE
Economic crisis
Banks’ reluctance (reduced cash liquidity)
Low creditworthiness of citizens
Limited publicity of the improved conditions of the program
Reduced interest from Energy Inspectors due to low fee
Acceptance of the Energy Inspection process
Amend the co financing ratio (ex, from 2:1 to 1:1 (NSRF-banks)
Amend eligibility conditions so as to expand the pool of potential applicants
Provide for further publicity of the Program
Provide for a “project manager” for households & introduce eligible management cost (ex. 300 €)
more than 300 mio € disbursed in 2012
50 mio € could be made available for specific actions, ex. subsidy of biomass boilers

16. Thank you for your attention
Tel: 16