Deal fore­sees energy mar­ket com­pe­ti­tion

Kathimerini English - - Front Page -

A part ofthe new mem­o­ran­dum with Greece’s cred­i­tors com­prises the lib­er­al­iza­tion of the re­tail elec­tric­ity mar­ket by Jan­uary 1, 2020, and the nat­u­ral gas mar­ket by 2018.

The aim of the mea­sures is to al­low new play­ers to en­ter the mar­ket, thereby of­fer­ing a wider choice for energy con­sumers.

Re­gard­ing the nat­u­ral gas mar­ket, by May 30, 2016, the Public Gas Cor­po­ra­tion (DEPA) and the gas dis­tri­bu­tion com­pa­nies (EPA) of At­tica, Thes­sa­loniki and Thes­saly are re­quired to sub­mit plans for un­bundling their ac­tiv­i­ties for ap­proval to the Energy Reg­u­la­tory Au­thor­ity to al­low for a de­ci­sion within three months from the sub­mis­sion date.

The process for the lib­er­al­iza­tion of the elec­tric­ity mar­ket will re­quire the Public Power Cor­po­ra­tion (PPC) to sell quan­ti­ties of the lig­nite and hy­dro energy pro­duced in its fac­to­ries to pri­vate com­peti­tors via auc­tion. A suit­able al­ter­na­tive pro­vid­ing the same out­come must be agreed by the Greek author­i­ties if this ap­proach is not pos­si­ble.

By 2020, no one power com­pany must pro­duce or im­port – di­rectly or in­di­rectly – more than 50 per­cent of the to­tal elec­tric­ity sold in Greece, ac­cord­ing to the terms of the coun­try’s new bailout agree­ment.

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