RAE, the Regulatory Authority for Energy, has set a July 1 target date for the launch of Crete’s hybrid model enabling the island’s participation in the target model’s wholesale markets, in coordination with the commercial launch of the Cretan small-scale grid interconnection, linking the island’s system with the Peloponnese, also expected to begin operating in July.

The authority yesterday forwarded for public consultation, until June 2, a summary of the proposed regulatory framework to apply until Crete’s full-scale grid interconnection, reaching Athens, is eventually launched. This summary includes a road map leading to the implementation of the hybrid model.

Three days later, all parties involved will submit regulatory texts, for public discussion on the same day. RAE expects to have endorsed these texts by mid-June in preparation for their implementation.