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European CommissionThe Second Economic Adjustment Programme for Greece. Fourth ReviewΡar /ΡageAction Deadline Comments Statusincrease security in the entire domestic electricitymarket.6.1.6 Planning the development of the electricity market in the medium to long termMoU6.1.6.1MoU6.1.6.1.aMoU6.1.6.1.aMoU6.1.6.1.bMoU6.1.6.1.cMoU6.1.6.2Based on the plan for the transitional reform of theelectricity market adopted by the Government and RAE inconsultation with the European Commission theGovernment and RAE implement the following actions:Following the removal of the 10% margin, provide atimeline for the full phasing out of the 30% rule in view ofthe establishment of a proper mechanism for thescheduling of power producing units.In order to incentivise user of the 30% rule to seekalternative destinations for gas, full recovery of variablecosts should not be allowed after.Calibrate the procurement of reserve capacity volumes ofby type (warm, cold reserves) in line with the reserverequirements as established by ADMIE.Review capacity payment mechanisms with a view toincentivise the retirement of power plants that havereached the end of their economic life. The revisedcapacity mechanism(s) will be in line with EU law,including forthcoming revisions of guidelines in this field.Finalize the structure and the parameters of the auctions ofNOME-type products, limiting the participation in auctionsto generators and suppliers.6.1.7 Fuel MarketMoU6.1.7.1MoU6.1.7.1Make operational a system for the storage of fuel reservesbased, alternatively, on a non-profit independentorganisation or on regulated third-party access to existingfacilities; and allow the national network to use storagecapacity of other EU countries in compliance with EUregulation 119/2009.Repeal minimum duration of one year for contracts onstorage facilities' use by third parties.September2013March 2014September2013September2013September2013July 2013September201330% rule is removed on 1st January 2014 (RAE'sdecision 338/2013).Expected to be ready by June 2014.New deadline: May 2014.RAE's Decision 338/2013 on the reserverequirements.By RAE's Decision 339/2013 some stations thatwere inefficient compared to similar (they hadexhausted their technical and economic life) wereclosed.RAE has almost finalized the structure and theparameters of the auctions.Public consultation is expected in March.New deadlines in MoU: March 2014 for publicconsultation, June 2014 for legal provisions,September 1st 2014 for auctions.Art. 23 in "Regulation for Fuel Stock" (Gazette No:B 2956 - 21.11.2013) in combination with Art 12par. 9 of l. 3054/2012, make it possible for thirdparties to access to existing facilities.Repeal minimum duration of one year for contractson storage facilities' use by third parties: Law4203/2013, Art. 19, Par. 6, FEK 235/01.11.2013.The reform is completed by Article 17 of the"Regulation for Fuel Stock" (Gazette No: B2956/21.11.2013).Observed.Observed.Observed.NotObserved.Observed.Observed.MoU6.1.7.2MoU6.1.7.3MoU6.1.7.3.iMoU6.1.7.3.iiMoU6.1.7.3.iiiMoU6.1.7.3.ivMoU6.1.7.3.vMoU6.1.7.4MoU6.1.7.4.iMoU6.1.7.4.iMoU6.1.7.4.iIntroduces a compulsory requirement for refineries totransmit to the Ministry and the regulator monthly data onstorage and other cost components charged to domesticand international customers.To remove regulatory restrictions that hinder competitionin the wholesale fuel sector, the Government, as perOpinion no. 29/VII/2012 of the Hellenic CompetitionCommission:assesses minimum capital requirements and adjusts themdownwards in accordance with best practices and takinginto account the relevant Opinion of the HellenicCompetition Commission.mandates the conclusion of written contracts between fuelwholesalers and retailers, including the obligation to statethe duration of the discounts offered on the paymentdocuments.provides in legislation for the installation of inflowoutflowsystems throughout the refining and wholesaletrading supply chain; new legislation to be put into force.removes the restriction that a wholesaler’s storage facilityneeds to be accessible by either the sea, railway network,or through a refinery.abolishes the mandatory storage of at least two categoriesof fuel products, as a condition to wholesale licensingissued by them.To enhance competition in the retail fuel sector, theGovernment, as per the same opinion of the HellenicCompetition Commission:mandates gas stations to state the price and quantity ofliquid fuel on all receipts issued (Athens - Thessaloniki)mandates gas stations to state the price and quantity ofliquid fuel on all receipts issued (other urban areas)mandates gas stations to state the price and quantity ofliquid fuel on all receipts issued (remaining)July 2013The obligation is introduced through Article 23 of"Regulation for Fuel Stock" (Gazette No: B 2956 -21.11.2013).In addition to the MoU requirement, obligation fordata to be sent to the Hellenic CompetitionCommittee (HCC) is also introduced.Observed.July 2013 Law 4172/FEK 167/23.07.2013. Observed.July 2013July 2013Included in Market Policing Code. L. 4177/ Fek173/8.8.2013L.4177/2013, art.31 (FEK 173/A/8-8-2013). Thesystem is operational.Observed.Observed.July 2013 Law 4172/ FΕΚ A 167/23.07.2013. Observed.July 2013 Law 4172/ΦΕΚ A 167/23.07.2013. Observed.August 2013 FEK 72/B/4-1-2012 and FEK 3130/Β/2-11-2012. Observed.September2013March 2014FEK 72/B/4-1-2012 and FEK 3130/Β/2-11-2012.FEK 72/B/4-1-2012 and FEK 3130/Β/2-11-2012.Observed.118