Energy and Ancillary Services Market Reforms in Greece: A Path to Enhancing Flexibility and Adopting the European Target Model
Prepared for Hellenic Association of Independent Power Producers (HAIPP)
Greece’s wholesale electricity market needs to undertake significant reforms in order to integrate large quantities of intermittent renewable resources and to meet regulatory requirements. Absorbing significantly more intermittent renewable resources will require Greece to enhance its energy and ancillary service markets to incentivize greater flexibility and maintain system reliability. At the same time, Greece must enhance its markets to integrate more fully with neighboring systems and to conform to the European Target Model. The Hellenic Association of Independent Power Producers (HAIPP) has commissioned us to offer high-level design recommendations for how to achieve immediate improvements and make progress toward a long-term vision.
