RAE, the Regulatory Authority for Energy, is set to sign a memorandum of cooperation with Greece’s Competition Committee for more effective coordination and monitoring of the market.

RAE’s newly appointed chief executive, Thanasis Dagoumas, took the initiative to propose closer relations between the two authorities. The Competition Committee appears to have responded favorably. Its leader, Giannis Lianos, has met with the new RAE chief, while the two officials are believed to have agreed to soon sign an agreement for cooperation.

RAE and the competition committee will retain their responsibilities, as stipulated by law, but will seek greater coordination and collaboration on closely related matters involving both authorities.

Meanwhile, officials are also working to establish a network linking all the market’s independent authorities, including the National Committee for Telecommunications and Post Offices, RAE, the Competition Committee, as well as the regulatory authorities for the country’s ports and railways. Further collaboration, joint action and exchange of knowhow is being sought through this initiative.

In addition, Dagoumas, the new RAE boss, plans to soon meet with the leadership at ACER, Europe’s Agency for the Cooperation of Energy Regulators, signaling the Greek authority’s willingness to adopt a more extroverted role.

The new RAE administration is keen to participate in the decision-making process for Balkan and European matters, not just implement EU directives and ACER decisions, Dagoumas recently told Greek Parliament’s permanent committee on institutions and transparency.