Independent suppliers could increase their market share this autumn – Greece, 21 June 2016

Independent electricity suppliers in the Greek retail market, whose market share currently stands at about 10 %, are eagerly awaiting the introduction of NOME-type auctions this fall in order to try to increase their market share.
This envisages the auction based mechanism in accordance with the mechanism implemented in France under the law NOME (Nouvelle Organisation du Marche de l’Electricite), which reformed the French energy market in late 2010. This mechanism regulated the third party access to nuclear power produced by state-owned EDF, which had dominant market position, in order to remove competition issues due to EFD’s exclusive access to low-cost electricity. In Greek case, NOME auctions will allow third party access to low-cost lignite and hydropower of the Public Power Corporation (PPC), which currently holds over 90 % of the Greek retail electricity market.

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