Latest updates

New transitional flexibility remuneration mechanism and registration of flexibility service providers
Rokas Law Firm
  • Energy & Natural Resources
  • 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.

Energy exchange update
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 23 November 2020

Following the completion of the Regulatory Energy Agency's (RAE's) recent consultation, the RAE designated 1 November 2020 as the effective date of operation of the intraday and day-ahead markets and the balancing market (electricity markets). Further, the RAE recently issued a series of delegated decisions in order to regulate access to the electricity markets, clearing members' obligations and risk management measures in both the electricity markets and the balancing market.

Implementation of new regulatory framework regarding RES production licensing
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 16 November 2020

In May 2020 Law 4685/2020 on the modernisation and simplification of, among other things, renewable energy source (RES) production licensing was enacted. By virtue of Law 4722/2020, the next submission round for new applications for RES producer certificates has been scheduled for December 2020. Meanwhile, the Greek Regulatory Authority has been busy issuing RES producer certificates for which applications have been pending since before the enactment of Law 4685/2020.

Modernisation of environmental law and simplification of RES production licensing
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 25 May 2020

Parliament recently passed a law modernising environmental legislation and harmonising Greek law with EU Directives 2018/844 and 2019/692. The law contains new legislative measures which will significantly amend, standardise and simplify the current licensing procedure for renewable energy power plants – particularly the procedure for obtaining a renewable energy source production licence and an environmental approval.

RES update
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 02 March 2020

Greece recently adopted its first National Plan for Energy and Climate, which regulates all energy sectors. The plan defines Greece's energy and climate targets up until 2030, as well as priority policies and implementation measures which should help to both develop and reform the energy sector by 2050. The plan will also facilitate the shaping of the country's energy and climate strategy for the years 2030 to 2050.

Update on DEPA privatisation
Rokas Law Firm
  • Energy & Natural Resources
  • 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.

New regulation on liberalisation of Greek energy market
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 27 January 2020

Law 4643/2019 on the liberalisation of the Greek energy market, the modernisation of the Public Power Corporation, the privatisation of the Public Natural Gas Company and the support of the renewable energy sector was recently published in the Official Journal. The new legal provisions aim, among other things, to facilitate and expedite the licensing procedure for numerous power production applications already pending before the Regulatory Energy Agency.

Liberalisation of energy market: DEPA privatisation
Rokas Law Firm
  • Energy & Natural Resources
  • 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).

RES sector reform – regulatory update
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 18 November 2019

The renewable energy sources (RES) sector of the Greek energy market is undergoing continuous and significant reform. Among other changes, the Hellenic Energy Exchange has commenced operations, RES producers now participate in the day-ahead market and the Greek islands' renewables sector has been expanded.

Schedule for competitive procedures in 2019 and 2020
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 05 August 2019

The minister of environment and energy recently amended the competitive procedures for determining operating state aid granted as feed-in premiums for 2019 and 2020. Further, the latest competitive procedures resulted in significant price reductions for photovoltaic (PV) and wind projects. However, owners of small PV plants have claimed that they have been disadvantaged by the merging of all PV plant categories into one.

First joint wind and solar competitive tender procedures in April and May 2019
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 01 April 2019

In April and May 2019 solar and wind renewable energy systems producers will compete for the first time for operating state aid and a place in the Greek energy market in a joint competitive tender procedure organised by the Energy Regulatory Authority. Despite certain doubts, the market signs indicate that a significant number of players and capacities plan to participate in the upcoming joint competition.

Natural gas distribution and supply sector is undergoing reform
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 11 March 2019

A draft law on the further unbundling and privatisation of the public natural gas company DEPA was recently submitted to Parliament. The draft law proposes that DEPA be divided into two companies: DEPA Infrastructure and DEPA Trade. The main opposition to the draft law centres on the fact that the state will retain a 14% stake in DEPA Trade, which some have argued will allow the state to retain too much control and potentially veto strategic policy issues.

Overview of RES state aid scheme implementation
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 14 January 2019

The second regular wind and photovoltaic (PV) state aid auction held in December 2018 resulted in the award of all of the capacities for two of the three categories of renewable energy system project, a significant (up to 26%) reduction in the reference prices compared with the initial reference prices and the cancellation of the auction for large PV projects by the Regulatory Energy Authority due to insufficient competition.

RES update – competitive procedures for FiP
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 19 November 2018

The new renewable energy sources state aid scheme was introduced in Greece in 2016 by way of Law 4414/2016. On 18 October 2018 the Regulatory Energy Agency launched the second regular competitive procedures for determining the reference prices of state aid for wind and solar energy producers in Greece, which offers a total tender capacity of 423 megawatts. The first regular competition procedures were conducted on 2 July 2018.

Privatisation of energy companies
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 08 October 2018

Pursuant to the commitments undertaken by the Greek state after the first memorandum of understanding between the Hellenic Republic, the member states of the European Union, the Monetary Fund and the European Central Bank was signed, the privatisation of energy companies in Greece has significantly progressed. The Hellenic Republic Asset Development Fund – the legal entity entrusted with implementing the privatisation programme of the Hellenic Republic – has undertaken a number of relevant projects.

First (regular) solar and wind competitive procedures projects initiated
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 02 July 2018

Greece began reorganising its renewable energy system state aid scheme in 2016 by enacting Law 4414/2016. The minister of environment and energy has provided the legal framework for implementing the law and organising the competitive procedures to determine the reference prices for certain projects receiving operating aid. The first regular competitive procedures were initiated in April 2018, following the Regulatory Energy Agency's launch of three tenders. The tenders will be implemented in two phases.

Divestment of PPC's lignite-fired plants
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 21 May 2018

Parliament recently passed a law regulating the procedure for the divestment of approximately 40% of Public Power Corporation's (PPC) lignite-fired production units and lignite exploitation rights. The aim of the law is to increase competition in the Greek electricity market. Currently, over 60% of the electricity produced in Greece is generated through the combustion of locally extracted lignite, while PPC accounts for 98% of all lignite production in the country.

Investing in RES sector
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 12 March 2018

The Greek energy sector is expected to expand over the next few years as a result of, among other things, the optimisation of the energy mix – which consists of a reduction in fossil fuel-generated electricity and an increase in energy from renewable energy sources (RES) – and the liberalisation of the electricity and natural gas markets. Greece is also expected to create energy investment opportunities due to the availability of RES potential in the country and ongoing substantial infrastructure projects.

Energy Exchange operations expected in 2018
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 15 January 2018

During 2017, a group of experts worked on the modelling and organisation of the Energy Exchange with the intention that it would be established and begin operating in the first half of 2018. As such, the Ministry of Energy and Environment recently presented, through a public consultation, the draft Energy Exchange Law, which would amend the Target Model Law and the Energy Law.

NOME auctions – enhancing competition in electricity supply market
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • 06 November 2017

In 2016 Law 4389/2016 introduced the sale by auction of electricity forward products with physical delivery by the Greek vertically integrated Public Power Corporation (PPC) to eligible electricity suppliers. The purpose of these auctions is to reduce the PPC's retail market share in the interconnected system, enhance competition and provide better quality products and lower prices to consumers.