Energy Law at Greece
Absolutely! Here’s a detailed overview of Energy Law in Greece, a key EU member with an evolving energy sector transitioning towards renewables and market liberalization:
⚡ Energy Law in Greece
1. Legal and Regulatory Framework
Greece’s energy sector is regulated by a blend of national legislation, EU directives, and policies to promote energy market liberalization, sustainability, and security of supply.
Law 4001/2011 on Electricity, Natural Gas, and Hydrocarbons Market
Implements EU energy directives to liberalize electricity and gas markets, ensuring competition and transparency.
Law 4414/2016 on Renewable Energy Sources (RES)
Sets the framework for promoting renewable energy, supporting feed-in tariffs (FiT) and auctions, and defining grid priority for renewables.
Law 4759/2020 and 4951/2022
Recent updates strengthening energy market regulation, improving permitting procedures, and supporting green hydrogen and energy storage.
2. Regulatory Bodies
Regulatory Authority for Energy (RAE)
Independent body regulating electricity, natural gas, and RES markets, licensing operators, approving tariffs, and safeguarding competition.
Ministry of Environment and Energy (YPEKA)
Sets energy policy, plans national energy strategy, and coordinates international cooperation.
Hellenic Transmission System Operator (HTSO)
Manages electricity transmission and wholesale market operation.
3. Electricity Sector
Liberalized with multiple generators and suppliers.
Transmission operated by HTSO; distribution by DSOs.
Wholesale electricity market is operated via day-ahead, intra-day, and balancing markets.
Integration of renewables supported through auctions and priority dispatch.
4. Natural Gas and Hydrocarbons
Market liberalized; multiple suppliers and importers.
Regulatory framework supports gas infrastructure projects (e.g., TAP pipeline).
Greece is actively involved in regional energy cooperation.
5. Renewable Energy
Greece targets at least 35% renewable share in gross final consumption by 2030.
Major renewables: wind, solar PV, hydro, biomass.
Auctions and FiTs used to support RES projects.
Focus on energy storage, green hydrogen, and electrification of transport.
6. Energy Transition and Climate Policy
Greece follows the EU Green Deal commitments.
National Energy and Climate Plan (NECP) aligns with EU targets.
Emphasis on decarbonization, energy efficiency, and smart grid deployment.
7. Summary Table
| Sector | Legal Basis | Regulator | Key Features |
|---|---|---|---|
| Electricity | Law 4001/2011 | RAE, HTSO | Liberalized market, renewable integration |
| Natural Gas | Law 4001/2011 | RAE | Open market, regional projects |
| Renewables | Law 4414/2016 + updates | RAE, Ministry | Auctions, FiTs, priority grid access |
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