A dry run procedure offering simulated testing of all market systems and resolving any glitches ahead of the target model launch, scheduled for September 17, has been extended for another week until September 6.
Authorities met last Friday for a latest review of dry-run results. ESAI/HAIPP, the Hellenic Association of Independent Power Producers, in its observations, primarily focused on the balancing market.
The association also objected to integrated programming process revisions proposed by power grid operator IPTO, as well as the timing of these proposals, just days ahead of the official launch of markets.
ESAI/HAIPP is expected to forward its views on the issue, in writing, to the energy ministry, later today or tomorrow. The matter essentially concerns the calculation of reserves to be covered by the system for its security.
The Energy Exchange, to operate the day-ahead, intraday and forward markets, and IPTO, operating the balancing market, are both scheduled – based on a ministerial decision – to deliver an interim report this week for the energy ministry and RAE on the progress and level of readiness of market systems.
These systems have been undergoing continual testing since August 3. The number of dry-run participants has increased in recent days, while price levels are now at far more rational levels, especially in the day-ahead market.
All market participants, approximately 60 in total, have until September 4 to submit required supporting documents to the Energy Exchange in order to receive membership registration certificates by September 11.