The administrations of the Hellenic Energy Exchange (HENEX) and power grid operator IPTO have been summoned to a hearing later this month by RAE, the Regulatory Authority for Energy, to offer explanations for significant delays concerning the launch of the target model and full operation of the energy exchange.

The hearing is planned to take place at the end of July, energypress sources have informed.

RAE has expressed concerns over a series of launch deferrals of the target model, to offer market coupling, or harmonization of EU wholesale markets.

The authority sees these delays as being abnormal while also negatively impacting prospective market participants such as industrial enterprises, currently not able to proceed with bilateral agreements.

In its most recent update, IPTO noted that the energy exchange will be fully operational in about a years’ time, in June, 2020.