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dc.contributor.author
Liolios, Antonios
en
dc.date.accessioned
2017-03-22T13:14:59Z
dc.date.available
2017-03-23T01:00:15Z
dc.date.issued
2017-03-22
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/15197
dc.rights
Default License
dc.subject
Energy Law
en
dc.title
The Reform of the Natural Gas Market in Greece: Recent Developments and Challenges Thereof
en
heal.type
masterThesis
el
heal.secondaryTitle
Recent Developments and Challenges Thereof
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heal.creatorID.dhareID
ID 1108150010
heal.classification
Energy Law
en
heal.keywordURI.LCSH
Natural gas--Greece
heal.keywordURI.LCSH
Natural gas--Law and legislation--Greece
heal.keywordURI.LCSH
Gas industry--Greece
heal.keywordURI.LCSH
Energy policy--Greece
heal.language
en
el
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
el
heal.references
Academy of Athens , The Production of Electricity in Greece, 2011. Academy of Athens , Greek Hydrocarbons, 2012. Academy of Athens , Renewable Energy Sources, 2014. Baldwin R. (etc.), The Oxford Handbook of Regulation, Oxford University Press, 2010. Bunter M. , The Promotion and Licensing of Petroleum Perspect ives Acreage, Kluwer Law, 2002. Cameron P. , Legal Aspects of EU Energy Regulation, Oxford Uni versity Press, 2005. Cameron P. , Competition in Energy Markets, Oxford University Press, 2 nd Edition, 2007. Delvaux B. , (etc.) EU Energy Law and Policy Issues, Euroconfi dentiel, 2003. Farantouris N. , Energy, Nomiki Vivliothiki, (3 volumes), 2013. Farantouris N. , Hydrocarbon Law, Nomiki Vivliothiki, 2015. Heffron R. , Energy Law: An introduction, 2015, Pringer Editio ns, 2015. Gilbert R./E. Kahn , International Comparisons of Electricity Regulati on, Cambridge, 1998. Gordon G. (etc.), Oil and Gas Law, Dundee University Press, 2011. Jones C. , EU Energy Law, Claeys & Casteels, 2 nd Edition, 2006. Martinez F. C. , The EU Energy Market Regulation Puzzle: Is There Still a Way Out? The Case for a Fourth Energy Package Along Completely D ifferent Lines, Renewable Energy L. & Poly Rev 121, 2014. Maugeri L. , The Age of Oil, Praeger, 2006. Maugeri L. , Beyond the Age of Oil, Praeger 2010. Newbery D. , Privatization, Restructuring and Regulation, MIT Editions, 1999. Oyewunmi T. , Energy Security and Gas Supply Regulation in the European Union’s Internal Market, Eur. Networks L. & Reg. Q. 187, 20 15. Panagos Th. , The Legal Framework of the Energy Market, Sakkoul as Editions, 2012. Panagos Th. , The Unbundling of the Companies in Energy Sector, Sakkoulas Editions, 2011. Panagos Th. , Hydrocarbon Exploration and Exploitation, Sakkoul as Editions, 2014. Piebalgs A. , Europe’s New Energy Policy, Claeys & Casteels, 20 09. -34- Roggenkamp M. (etc), Energy Law in Europe, Oxford University Pre ss, 2001. Semkou A. , The Unbundling of the Transmission System Operato r in Electricity Sector. The Greek Case of Admie, IHU, 2015. Xeniti A. E. , Country Reports, Greece, The Natural Gas Sector i n Greece: A Long Road to Liberalisation, Eur. Networks L. & Reg. Q. 56, 2015 . Yfantidis T. , The Liberalization of the Natural Gas Retail Mark et in Greece, IHU, 2016
el
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in Energy Law, Business, Regulation and Policy
el
heal.publicationDate
2017-03-22
heal.abstract
This dissertation was written as part of the MSc in Energy Law, Business, Regulation and Policy at the International Hellenic University. Under specific derogations from the European energy law, the natural gas market in Greece, specifically as regards the distribution activity, was far from being liberalized, until the voting of L. 4336 in August 2015. The natural gas market reform, imposed by the Greek Third Bailout Package of August 2015, has significant impact on EPAs’ concession agreements and shareholders’ value, but also presents significant challenges at legal, regulatory, strategic and operational level. The companies were transformed from their previous organizational model to a fully regulated network activity under strict regulatory oversight and a competitive supply activity, along with abolishment of their exclusive rights to distribute and supply natural gas in their license areas. Gradual eligibility for all natural gas consumers until the end of 2017 is another important provision of the law. Moreover, the law provides for a fully competitive environment for the supply activity, a new licensing regime, issue of distribution code and regulations, and regulated distribution tariffs, under the competence and control of the Regulatory Authority for Energy. The purpose of my dissertation is to highlight the recent developments in the national legal framework regarding the liberalization of the natural gas market in Greece, focused on the distribution and retail market supply activity, along with the impacts and challenges for the natural gas companies. In this context, the general aspects of European and national energy law concerning upstream activities, i.e. natural gas production and transmission, and aspect s of security of supply and cross- border trade are not examined in the present paper. Hence, this dissertation describes the main legislative and regulatory provisions prior to and after the aforementioned law. Chapter 1 is an introduction to the subject. The previous legal framework, on a European and national level is described in Chapter 2, focusing on the derogations from the European directives, as applied in national legislation and on the natural gas market. Chapter 3 refers to the current legal -iv- framework, namely the third liberalization package and its transposition to the national Energy Law 4001 in 2011. Chapter 4 presents the new pieces of legislation passed by the Greek government in 2015 and afterwards, namely L. 4336/2 015 and its amendments. The new framework and its legal aspects are analysed in a critical manner, presenting in addition the challenges it poses for the market players, especially the gas supply and distribution companies, formerly known as EPAs. Finally, key conclusions are presented in Chapter 5 of the dissertation
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heal.tableOfContents
ABSTRACT .......................................... ................................................... .................. III CONTENTS .......................................... ................................................... ..................V CHAPTER 1 – INTRODUCTION .......................... ................................................... ...... 1 CHAPTER 2 – THE PREVIOUS LEGAL FRAMEWORK .......... ........................................... 3 2.1 T HE R OAD TO L IBERALIZATION – A H ISTORICAL O VERVIEW ................................................. 3 2.2 T HE P REVIOUS E UROPEAN L EGAL F RAMEWORK .................................................. .............. 3 2.2.1 The First Liberalization Package ............ ................................................... 4 2.2.2 The Second Liberalization Package ........... ................................................ 5 2.3 T HE P REVIOUS N ATIONAL L EGAL F RAMEWORK .................................................. .............. 6 2.4 D EROGATIONS FROM E UROPEAN L AW .................................................. .......................... 8 CHAPTER 3 – THE CURRENT LEGAL FRAMEWORK ........... ......................................... 11 3.1 T HE T HIRD L IBERALIZATION P ACKAGE .................................................. ......................... 11 3.2 T HE G REEK E NERGY A CT .................................................. .......................................... 16 CHAPTER 4 – THE RECENT DEVELOPMENTS IN THE LEGAL FR AMEWORK IN GREECE 19 4.1 T HE L. 4336/2015 ......................................... ................................................... ..... 19 4.2 A MENDMENTS OF L. 4336/2015 ......................................... ...................................... 23 4.3 A C RITICAL V IEW ON L. 4336/2015 ......................................... .................................. 25 4.4 I MPLEMENTATION OF THE L AW AND C HALLENGES THEREOF .............................................. 28 CHAPTER 5 – CONCLUSIONS ........................... ................................................... ..... 31 BIBLIOGRAPHY ...................................... ................................................... .............. 33
en
heal.advisorName
Panagos, Theodoros
en
heal.committeeMemberName
Kaissis, Athanassios
en
heal.academicPublisher
IHU
en
heal.academicPublisherID
ihu
el
heal.numberOfPages
34
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heal.spatialCoverage
Greece
en

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