The administrations of the Hellenic Energy Exchange (HENEX) and power grid operator IPTO have been summoned to offer explanations for significant delays holding back the launch of the target model and full operation of the energy exchange at a RAE (Regulatory Authority for Energy) hearing today.
RAE has expressed concern over a series of delays and continual schedule revisions for the new markets.
The authority has warned that these delays are detrimental for market participants, including industrial enterprises currently unable to establish bilateral agreements.
According to the most recent update, the Greek energy exchange is expected to be fully operational by June, 2020, when all its platforms should be up and running following trial runs.
This will enable Greece to proceed with an EU market coupling plan via Italy before a grid link with Bulgaria is also established.
The target model is planned to offer market coupling, or harmonization of EU wholesale markets.