The draft law for Greece’s target model in the energy market is expected to be presented in April and put through public consultation procedures before being submitted to Parliament, as was announced just days ago by Mihalis Veriopoulos, the Environment and Energy Ministry’s secretary general, at a conference organized by TEE, the Technical Chamber of Greece.
Greece faces pressure from the country’s creditor representatives to push for a swift transition intended to intensify competition in the electricity market.
In essence, the government has already launched consultation procedures on the sidelines with various sector officials and the main power utility PPC, which has already provided a rough picture of the shape to be adopted by the local electricity market over the next few years.
For example, according to government sources, the target model will include new electricity markets. Besides conventional electricity markets, it will also include energy exchange markets. Also, the electricity futures market will provide conditions required by electricity suppliers, enabling them to offset market fluctuation exposure and offer competitively priced products to customers.
Officials have informed that the draft law will most probably be presented within April and include the steps that need to be taken, targets, as well as required electricity market revisions.
According to sources, just days ago, PPC, at a meeting on the target model, decided to propose a central dispatching system, through which control and distribution would be conducted centrally by each producer, determining the portfolio of production units to cover available capacity declared for the market.
PPC’s proposal has prompted much speculation as an increasing number of inaccuracies have been made by the utility with regards to its capacity availability declarations and the actual MW available, especially from lignite-fired stations in northern Greece’s west Macedonian region, which are experiencing the most serious lignite supply problems.