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27 January 2020
On 3 December 2019, Law 4643/2019 on the liberalisation of the Greek energy market, the modernisation of the Public Power Corporation (PPC), the privatisation of the Public Natural Gas Company (DEPA) and the support of the renewable energy sector (RES) was published in the Official Journal (A'193/2019). The law introduces significant changes to the energy industry, particularly in regard to the electricity market, the PPC, DEPA privatisation, the RES and energy efficiency.
Regarding the electricity market, the main amendments concern:
With regard to the RES market, the new law sets out that RES projects which do not wish to receive state aid may participate directly in the electricity spot market and receive the respective market prices for the electricity produced. Further, the new law sets out the possibility of different remuneration for RES plants with a capacity exceeding 250MW or for conglomerates of RES plant connected to the grid at the same connection point with a combined capacity exceeding 250MW. For such plants, individually agreed prices may be approved by the Ministry of Environment and Energy – without obligatory participation in the auction procedures – if the European Commission has previously approved the respective state aid. The new law also sets out provisions on the construction of solar photovoltaic plants on land of high agricultural productivity.
Regarding the licensing procedure for hybrid power plants on non-interconnected islands, the new law authorises the Ministry of Environment and Energy to decide on the conditions and procedures according to which state aid will be available for such plants, as well as on the conclusion of the respective agreements and on any other related matter, as necessary. The state aid amounts will no longer be proposed by applicants and approved by RAE.
The new legal provisions aim, among other things, to facilitate and expedite the licensing procedure for numerous power production applications already pending before RAE.
For further information on this topic please contact Mira Todorovic Symeonides or Maria Ioannou at Rokas Law Firm by telephone (+30 210 361 6816) or email (firstname.lastname@example.org or email@example.com). The Rokas Law Firm website can be accessed at www.rokas.com.
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