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Greece Urged to Accelerate Electricity Market

Greece is currently being pressured to accellerate efforts to liberalize its energy, specifically its electricity market.
The liberalization effort and general deregulation focus is on the energy incumbent DEI otherwise known as The Hellenic Public Power Corporation.
According to theĀ  31st of July 2010 edition of the morning newspaper To Vima, The European Commission is currently pressuring the Greek government to sell off about 40% of The Hellenic Public Power Corporation’s (DEI) hydroelectric and lignite power fuelled power generation plants.
The motivation behind these pressures is the acceleration of the liberalization of The Greek Energy market by stimulating private investments in power production.
Unfair Market Practices
The structural changes proposed by the European Union intend to force all players from a production cost perspective, on the same playing field thus allowing fair competition and eliminating any cost advantage, (due to an installed base) that a former monopoly (whether power or telecom) may have vis-Ć -vis new players.
At this point all power distribution must manditarily go through The Hellenic Public Power Corporationā€™s power network.
According to Friday’s evening broadcast of Alter News, competitors have issued complaints of uncompetitive behaviour from the incumbent DEI which in one way or another limits the effective power distribution of these new players.

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