The energy ministry is set to submit to Parliament a legislative revision needed for the transfer to power grid operator IPTO of distribution network operator DEDDIE/HEDNO’s assets on Crete, a pending issue that must be resolved for the launch of market activity concerning the island’s small-scale interconnection with the Peloponnese.

The transfer of DEDDIE/HEDNO’s assets on Crete to IPTO is essential for the latter to take on the responsibility of the small-scale interconnection. IPTO cannot take on this task until a 150-kV transmission line remains under the control of power utility PPC, DEDDIE/HEDNO’s parent company.

The legislative revision will be submitted to Parliament by the end of this week, barring unexpected developments, as an attachment to a draft bill concerning waste management, energypress sources informed.

In a concurrent development, RAE, the Regulatory Authority for Energy, has approved an Energy Exchange proposal concerning the island’s entry into target model markets.

The authority and other agencies involved in this procedure presented a hybrid model that will remain valid until the completion of Crete’s major-scale interconnection with Athens.