Greece’s energy market will be placed under scrutiny over the next few days, beginning tomorrow, when an international team of officials and technocrats visits to gather market data and hold meetings for the latest update of the In Depth Review of Energy Policies Greece (IDR), last published by the IEA in 2011.
Besides IEA representatives, the visiting delegation will include officials and technocrats from the State Department – the US foreign ministry – as well as the finance and energy ministries of the UK, Germany, Spain and Hungary, energypress sources have informed.
The IEA handles energy matters for the Organization of Economic Cooperation and Development (OECD).
The international delegation’s members will stage meetings with all local energy agencies controlled by Greece’s energy ministry.
Emphasis will be placed on electricity and natural gas market reforms, energy supply security, the progress of local renewable energy markets, as well as energy efficiency issues, the same sources noted.
The previous IDR report on Greece found considerable leeway for market reforms while also noting that the local energy sector may greatly contribute to the country’s economic recovery.