HELLENIC ENERGY EXCHANGE: The current status

Greece has initiated as from 2016 the process for the restructuring of its electricity market in order to conform with the rules for the energy market integration, based on the European Target Model for electricity. In particular, the enactment of Law 4512/2018 (which amended Law 4425/2016 – collectively the “Target Model Law”) introduced an evolution in the energy legislative sector by adopting decisive steps, including the establishment of the Hellenic Energy Exchange (“HEnEx”), followed by the structural reformulation of the energy market. On such basis, the electricity transactions are currently designed to be carried out in four different wholesale markets, as follows:

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