Enemalta has avoided using the Sicily-Malta inter-connector over the past few days during peak Horus as energy prices across Europe have surged dramatically. Despite Malta so far managing to avoid the sky high energy tariffs hitting the continent, Enemalta has drastically reduced the use of the inter-connector. Times of Malta reports that the inter-connector was switched off for 11 hours on Wednesday, 18 hours on Thursday and 17 more hours on Friday.
With Enemalta’s price for electricity from the inter-connector being determined by a daily auction on the open market, the Eurozone consumer prices rose at their fastest pace since 2008 in September. Eurostat, the EU’s official statistics agency, claimed that eurozone inflation reached 3.4% on an annual basis, with energy prices increasing by 17.4%. Malta saw the lowest prices increases in the entire eurozone.
A spokesperson for the Energy Ministry informed the newsroom that wholesale prices in Italy, from which Malta imports over the inter-connector, have reached a record 37c per unit. The prices on the European grid are expected to stabilise in the second quarter of 2022, according to the spokesperson.
As the inter-connector was being used less and less, one of Enemalta’s older power plants (Delimara 2) was given new life. Running on gasoil, a polluting type of diesel, the use of this plant was inquired about by the newsroom. The spokesperson said that this power plant is intended to serve as backup.
This comes after Energy Minister Miriam Dalli announced plans to build a second Sicily-Malta inter-connector. Despite the rise in prices, the spokesperson confirmed that the government still planned to go ahead with the project. This is because a second inter-connector would fit in with the government’s decarbonisation vision and increasing the island’s diversification of sources.
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Photo Source: Miriam Dalli FB, Enemalta