Timeline

Timeline of the Greek Electricity Market

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2014

Establishment of new law on April, 7th, which brings changes to the Renewable energy Market. After these changes, payments of PPC to RES producers become more stable and punctuate and the market shows significant signs of stabilization.

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2012

Ministerial Decision F1/ OIK.2262 regarding change in FIT for PV’s.

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2010

Act 3851/2010 “Accelerating the Development of Renewable Energy Sources to Combat Climate Change” entered into force on June 4, 2010. The Act extends competition in the market and supports investments in renewable energy.

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2009

Law 3734/09

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2007

The EC announced plans for a EU energy policy: unilateral 20% reduction in GHG emissions by 2020.

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2006

Law 3468/06

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2005

1. Block on PPC to build new plants.
2. Energy production plants from private investors.

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2002

Kyoto Protocol The EU created an emission trading system.

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2000

1. PPC listed on ASE 2.DESMIE foundation and separation of transmission system.

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1999

1. Open Market Law 2. RAE foundation 3. Break of PPC monopoly.

The Greek electricity market was until recently monopolized by PPC, the state owned power company.

A series of EU directives and local regulatory changes have gradually opened up the market; with PPC, however, still controlling c.70%.