Mr Kosmas Karanikolas

Kosmas Karanikolas

Updates

Energy & Natural Resources

New cycle of competitive procedures for operational support
Greece | 08 March 2021

The Regulatory Authority for Energy recently announced the commencement of the competitive procedure for determining the reference price for renewable energy source project operational support. This new cycle was launched by Decision 1648/2020 on a joint competitive bidding procedure for the selection of the photovoltaic and wind plants which will be included in the operation support scheme. Applications to participate in the auctions may be submitted until 22 March 2021.

New transitional flexibility remuneration mechanism and registration of flexibility service providers
Greece | 30 November 2020

In July 2020 a ministerial decision of the Ministry of Environment and Energy was published in the Official Gazette. The decision encompasses the new transitional flexibility remuneration mechanism (ie, the fee paid to selected electricity providers for the provision of the flexibility service). The mechanism is now in force and will remain so until 31 March 2021 or the date of implementation of the long-term compensation mechanism regarding the electricity system's power sufficiency, whichever occurs sooner.

Update on DEPA privatisation
Greece | 24 February 2020

Under the new law on the liberalisation of the energy market, the Public Natural Gas Company (DEPA) will be spun off into three distinct undertakings: DEPA Infrastructure, DEPA Commercial and DEPA International Projects. The privatisation tender is organised by the Hellenic Republic Asset Development Fund. Parties intending to participate in the tender are requested to meet various legal, financial and technical requirements.

Liberalisation of energy market: DEPA privatisation
Greece | 20 January 2020

Under the new law on the liberalisation of the energy market, the Public Natural Gas Company (DEPA) will be spun off into three distinct undertakings, two of which will be completely privatised. This transformation will significantly alter DEPA's unbundling and privatisation scheme, which was adopted in March 2019 (ie, before the elections and respective reconfigurations in Parliament and government).