Environment and Energy Ministry has received positive signs from European Com
mission, regarding a law bill on energy markets.
Senior ministry officials told Capital.gr that there has been correspondence with the European Commission about this critical bill, which has been incorporated as a key condition of the Memorandum of Understanding.
According to the correspondence, the bill moves in the right direction regarding both the part of consumers and the upgrade of institutional role of the Regulatory Authority for Energy, as the commission didn’t make any additional comment.
Moreover, the same sources note that some initial comments regarding electricity market won’t lead to any significant amendment of the government’s plan (model ITO) and therefore they have been accepted and incorporated into the bill.
These comments regard some formalities for the independence of the new subsidiary, and for employment and insurance issues.
In any case, the energy law bill appears to be close to finalization, relieving Greece from the nightmare of one of the most important conditions in the Memorandum.
Besides the above law bill, a second bill may be discussed in the next meeting of the cabinet, regarding the multi-bill, which includes arrangements about ITGI gas pipeline and the establishment of an oil operator.
mission, regarding a law bill on energy markets.
Senior ministry officials told Capital.gr that there has been correspondence with the European Commission about this critical bill, which has been incorporated as a key condition of the Memorandum of Understanding.
According to the correspondence, the bill moves in the right direction regarding both the part of consumers and the upgrade of institutional role of the Regulatory Authority for Energy, as the commission didn’t make any additional comment.
Moreover, the same sources note that some initial comments regarding electricity market won’t lead to any significant amendment of the government’s plan (model ITO) and therefore they have been accepted and incorporated into the bill.
These comments regard some formalities for the independence of the new subsidiary, and for employment and insurance issues.
In any case, the energy law bill appears to be close to finalization, relieving Greece from the nightmare of one of the most important conditions in the Memorandum.
Besides the above law bill, a second bill may be discussed in the next meeting of the cabinet, regarding the multi-bill, which includes arrangements about ITGI gas pipeline and the establishment of an oil operator.
