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ENERGY POLICYEnergyPolicies and ProgramsNikos Stefanou, General Secretary of the Ministry of Development,spoke at the European Neighborhood Policy— Energy and TransportCooperation Around the Black Sea Conference held in Athens onApril 20-21, 2005. Aegean News prints excerpts from his speechon Greek energy policy.Following the March 2004 elections,the new government wascalled upon to carry out the difficulttask of managing the final preparationsfor the Olympic Games and thesuccessful organization of both theOlympic and Para-Olympic Games. Naturally,from March to September 2004,both our policies and interventions focusedmainly on achieving this target.Within this framework, emphasiswas given to:First: Enhancing the efficiency of thethree-stage process of generation, transmissionand distribution of electricity,focusing mainly on upgrading the system’sstabilitySecond: Securing the country’s supplyof electricity, oil, and natural gas.Since the autumn of 2004, thegovernment and, in particular, theMinistry of Development, hasclearly illustrated its new set ofpolicies concerning the energy marketin Greece, which is based on thefollowing targets:First: The complete liberalization of theelectricity and natural gas markets, accordingto the relevant E.U. DirectivesSecond: The further enhancement of efficiencyin producing, transmitting, anddistributing electric energyThird: The country’s gradual withdrawalfrom its high oil dependency by furtherpromoting the use of natural gas andthe use of renewable energy sourcesFourth: The establishment of programsand policies regarding the rational useof energy—energy saving and efficiencyFifth: The creation of a new regulatoryframework regarding procedures for investingin renewable energy sourcesSixth: Greece’s accession into the majorEuropean and international energy networksin the fields of electricity, oil, andnatural gasSeventh: The upgrading of our country’sgeopolitical role through the constructionof large international energy projectsand Greece’s active participation inthe both the Organization of the BlackSea Economic Cooperation and the EnergyCommunity of South East Europe.In this direction we have madethe following steps, or rather leaps,during the last period.With the issuance of the new codesfor Transmission System Operation andElectricity Trading, the regulatoryframework governing the new liberalizedelectricity market will be completed.A new legal framework will beestablished, in which all parties involvedin the electricity market willoperate and all issues regarding theeffective and proper functioning of themarket will be arranged. These issuesinclude third party access, load allocation,and rules governing the tradingof electricity between the transmissionsystem operator, the electricity generator,and the suppliers.With the actual completion of thenew framework for a liberalized electricitymarket, both domestic and foreignplayers will have the “green light”to invest in the electricity generationsector of the Greek energy market.The liberalization of the market willcommence with the introduction of the24 AEGEAN NEWS SUMMER 2005
new regulatory framework—the new lawgoverning the liberalized natural gasmarket.At first, all large consumers—industrialand commercial consumers—will directly gain from the marketopening and, as of 2007, domesticconsumers will enjoy the same benefits.According to the new regulatoryframework, for the first time inGreece, new suppliers of natural gaswill be introduced in the market,which is now controlled by the statemonopoly PGC. This will finally giveconsumers the right to choose theirsupplier.In addition, the Ministry of Development,in cooperation with the RegulatoryAuthority for Energy, is preparingthe new tariff scheme to govern thetransmission of natural gas within thecountry. The tariff scheme is expectedto be issued right after the vote on thenew natural gas law.In enhancing the efficiency of theelectricity system, the Ministry of Developmentis promoting a thorough program,focusing mainly on strengtheningthe stability of the system through thecreation of new extra high voltage substationsin Attica and Peloponnesus.In addition, with the implementationof a time-based tariff scheme for electricity,the Greek state is aiming to reducethe irrational use of electricity andpromote the importance of saving energy,especially during the summer. It isworth noting that during last summer,the peak load reached 9.320MW.Regarding the promotion of energysaving and energy efficiency, itis a fact that the low price of electricity,together with a lack of informationon rational energy use,has led Greece to the top of the EU“15” countries in terms of per capitaenergy consumption.It is for this reason that we havedeclared 2005 the year of “EnergyGreece constitutes oneof the driving forcesbehind the joint effortto create the EnergyCommunity of SoutheastEurope and will continueto work thoroughlytowards this direction.Efficiency.” In collaboration withthe PPC and the Centre for RenewableEnergy Sources, we are puttingforward these measures:First: The launching of an informationcampaign focusing on the significanceof energy efficiency. We are determinedto start by implementing these measuresin the wider public sectorSecond: The incorporation of EU Directiveson the energy performance ofbuildings and the promotion of cogenerationof heat and electricity into ournational lawsOur country’s active participation inthe large electricity, oil, and natural gasnetworks is yet another pillar of our newenergy policies.The country’s active role the creationand promotion of the Energy Communityof Southeast Europe has turnedGreece into an important player concerningenergy affairs in the Balkans.Greece constitutes one of the drivingforces behind the joint effort to createthe Energy Community of Southeast Europeand will continue to work thoroughlytowards this direction.Proof of this is the fact that our countryhas undertaken the headquarters forboth the Forum for the Development ofElectricity networks in the region andthe Regulatory Authority for Energy ofSoutheast Europe. These were some ofthe conclusions of the Third MinisterialConference for the Energy Communitythat was held here in Athens last December.We are, at last, certain that verysoon the signing of the Treaty establishingthe Energy Community ofSoutheast Europe will take place. TheTreaty will constitute the beginning ofthe long-awaited creation of the EnergyCommunity in the wider region ofSoutheast Europe, which will providegreat benefits to all countries that areinvolved and will essentially open theway for the full incorporation ofSoutheast Europe’s energy markets intothe greater energy market of theEuropean Union.In addition, Greece has played an importantrole in the promotion of measuresand policies within the frameworkof the Organization of Black Sea EconomicCooperation. Greece, still holdingthe BSEC Presidency, has shown itsstrong support in developing balancedand mutual cooperation in the energysector between the member countries ofBSEC and the EU.Greece is strongly in favor and workingtowards the further expansion the oiland natural gas export networks, the promotionof closer and stronger cooperationin the electricity sector between thecountries of the Black Sea region and, ofcourse, the creation of a friendly environmentfor attracting foreign investmentsin this neighborhood of the world.SUMMER 2005 AEGEAN NEWS 25
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