A new date will be set for the demand-response mechanism’s entry into the Greek energy exchange, now expected early in 2024.

The demand-response mechanism’s slightly delayed entry can be attributed to additional technical controls being incorporated into the relevant regulation after RAAEY, the Regulatory Authority for Waste, Energy, ordered the Greek energy exchange to conduct another round of consultation.

To ensure the proper functioning of the demand-response mechanism, it’s essential to have robust technical controls and regulations in place.

The mechanism has the potential to benefit both consumers and the overall grid system by optimizing energy use during periods of high demand or supply fluctuations.

As a result of the timetable change, the additional round of consultation is expected around the end of September. A finalized plan for the demand-response mechanism’s entry into the Greek energy exchange will then be adopted around November, while a further month or two will be needed for necessary preparations.

RAAEY asked the Greek energy exchange to rework the relevant regulation so that it could facilitate technical controls for orders submitted by green aggregators that are equivalent to those applicable for orders concerning other balancing service providers, the aim being to ensure market uniformity.

Early on, the demand-response mechanism is not expected to impact energy exchange markets as, for the time being, quantities linked to the mechanism are limited.

At present, two companies, Mytilineos and Sympower, are pursuing demand-response activities in power grid operator IPTO’s balancing market.