The current thesis explores the possible consequences of the compliance of
Greek natural gas market with the European legislation, proposed by the Greek Third
Bailout Package of August 2015. The transformation of the EU energy systems is
largely based on t
he use of gas for power production, while there is an increasing
dependence on external suppliers.
The new law (4336/2015) provides for the
abolishment of the existing exclusive rights of the
distribution companies (EPAs)
to
supply and operate their respec
tive distribution systems.
The suppl
y of Eligible
C
ustomers by the EPAs will not be regulated in terms of prices,
while
it will need to
comply with t
he provisions of a supply licens
e a
nd a supply code approved by the
Regulatory Authority for Energy.
While the theoretical background for the
liberalization
includes l
ow gas pri
ce and c
ost reduction at the companies operating on
the gas market
as its goals, the experience of the gas price rises in the late 2000s, after
the reforms were partially or fully
implemented in other EU countries, and the quick
rate in which the policies p
roposed have to be implemented, stand in front of
the
success of the measures included in the Package
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