Liberalization of the electricity market in Greece and its evolution until today. From monopoly, to the Hellenic Energy Exchange
Master Thesis
Author
Βαριαδάκη, Ιωάννα
Variadaki, Ioanna
Date
2022Advisor
Ρουκανάς, ΣπυρίδωνRoukanas, Spyridon
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Abstract
The liberalization of the electricity market in Greece is a process that has basically been evolving over the last 15 years, timidly and searchingly at first, while imperatively and decisively over time, with continuous corrective moves on previous steps, due to encounters of failures and oppositions. The transition of this market from a monopoly regime to a competitive market is a very important step not only for our country but for the entire Europe, as it has led to positive changes for the well-being of consumers in the domestic market and the development of our energy security.
This paper illustrates the course to the liberalization of the electricity market from the monopoly regime to the current commencement of the official operation of the Hellenic Energy Exchange. The configuration of this market is guided by the directives of the European Union. It will be supported by the corresponding development of the European electricity market and then by the corresponding harmonization of Greek legislation. The harmonization of the Greek legislation with the European directives will put our country in the process of modernization of the energy market in order for our cooperation with the other European energy markets to follow.
Finally, as a result of these changes, the social implications of liberalization, the evolution of technology in the energy sector and the new perspectives that open up in the immediate and indirect future are analyzed in detail.