Energy Market Liberalisation in Greece: Structures, Policy and Prospects

International Journal of Energy Economics and Policy. Vol. 11, No. 2, pp. 115-126, 2021

12 Pages Posted: 18 Mar 2021

See all articles by Charis Vlados

Charis Vlados

Democritus University of Thrace, Department of Economics

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Foteini (Feni) Kapaltzoglou

Democritus University of Thrace, Law School

Date Written: February 1, 2021

Abstract

The ongoing regulatory transformation towards a single European electricity market started several years ago. The rationale of this transformation is that the liberalisation of monopolistic energy structures should lead to the building of sustainable and flexible energy ecosystems, through an energy policy that sets goals in line with the requirements of our epoch, such as sustainable development, energy security, and the promotion of renewable energy sources. In this context, the liberalisation of the electricity market in Greece is explored, which is a complicated case in terms of development as it has only recently begun to exit from a long-term socio-economic crisis and strict adjustment programs. The concepts of energy market liberalisation, energy ecosystems, and energy policy are presented and compared to the main directions of the EU institutional environment and the evolution of the political and institutional framework of Greece. In Greece, an attempt has been made in recent years to liberalise the electricity market, which is hindered for a long time by socio-economic forces favoured by the monopolistic system of the market. This liberalisation process is also an opportunity for the country to move towards enhancing the structures that can lead to faster and more sustainable development and to maintain the pace of “coupling” with the most developed energy economies of Europe.

Keywords: Energy Market Liberalisation, Electricity Market Liberalisation, Energy Business Ecosystem, Energy Policy, EU Energy Packages, Greek Energy System

JEL Classification: Q40, Q43, Q49

Suggested Citation

Vlados, Charis and Chatzinikolaou, Dimos and Kapaltzoglou, Foteini (Feni), Energy Market Liberalisation in Greece: Structures, Policy and Prospects (February 1, 2021). International Journal of Energy Economics and Policy. Vol. 11, No. 2, pp. 115-126, 2021, Available at SSRN: https://ssrn.com/abstract=3777857

Charis Vlados (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Foteini (Feni) Kapaltzoglou

Democritus University of Thrace, Law School ( email )

University Campus, Law School
Komotini, GR-69100
Greece

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