RAE, the Regulatory Authority for Energy, is pressuring the Energy Exchange and power grid operator IPTO for swifter procedures leading to the establishment of a new model for the electricity market, the target model.

The authority wants the target model to be launched sooner than June, 2020. According to a recent schedule, the new model, which should have been launched in 2015, is slated for a launch in the second half of 2020.

IPTO and the Energy Exchange need to respond, by next month, to questions raised by RAE at a July hearing on the reasons for the model’s series of deferrals by next month.

RAE supports the establishment of one liquidator for four new spot markets to emerge under the target model.

The country’s lender representatives will be in Athens next month. If unfinished target model matters are not sorted out by then, Greek authorities will have serious explaining to do.