The country’s Market Reform Plan, forwarded by RAE, the Regulatory Authority for Energy, for publication consultation, includes a road map for target model interventions, designed, amongst other things, to facilitate the target model market entry of new players as well as ensuing market coupling steps with neighboring countries.

This road map also includes a plan to lift existing target model restrictions, including a 20 percent upper limit for PPAs that is currently valid without any expiry date.

Another revision included in the Market Reform Plan is intended to separate energy used for balancing purposes and energy used for unit loading revisions during re-dispatching procedures for grid security or sufficiency reasons.

This separation process is planned to be implemented as of December 1, beginning with flagging of quantities activated as a result of loading revisions.

A second stage is planned to be introduced March 31, 2022, when clearing procedures for these quantities will be launched.

Power grid operator IPTO is expected to submit, today, its proposal concerning the first stage.

As for the revisions to facilitate the target model entry of new players, a demand response mechanism concerning all markets, not just the balancing market, is planned to be implemented February 1, 2022.

Just over a month later, on March 8, RES market balancing services will also be introduced, according to the road map.

Intraday market coupling of the Greek, Italian and Slovenia intraday markets is planned for September 21, through complementary regional intraday auctions (CRIDAs), a further step towards full unification of the European electricity market.