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Market design of an energy exchange: The case of Greece

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  • Ioannidis, Filippos
  • Kosmidou, Kyriaki
  • Makridou, Georgia
  • Andriosopoulos, Kostas

Abstract

Driven by the liberalization of the energy market that began in the 1990s, the European Union aims to unify its internal market and achieve price convergence among all European economies. The majority of European countries have successfully established power exchanges, aiming to conduct cross-border transactions in a transparent and reliable manner. This paper provides a comprehensive overview of prior literature on the market design of the European Power Exchanges. It also identifies recent developments in the electricity market in Greece and describes the structure of the Hellenic Energy Exchange and the markets that will be formed in the future. These upcoming markets are expected to provide greater flexibility to all market participants. At the same time, the Hellenic Energy Exchange is expected to facilitate the integration of Greece into the rest South East European electricity markets.

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  • Ioannidis, Filippos & Kosmidou, Kyriaki & Makridou, Georgia & Andriosopoulos, Kostas, 2019. "Market design of an energy exchange: The case of Greece," Energy Policy, Elsevier, vol. 133(C).
    • Handle: RePEc:eee:enepol:v:133:y:2019:i:c:s0301421519304653
    DOI: 10.1016/j.enpol.2019.110887
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    Cited by:

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    2. Zorana Božić & Dušan Dobromirov & Jovana Arsić & Mladen Radišić & Beata Ślusarczyk, 2020. "Power Exchange Prices: Comparison of Volatility in European Markets," Energies, MDPI, vol. 13(21), pages 1-15, October.
    3. Maniatis, Georgios I. & Milonas, Nikolaos T., 2022. "The impact of wind and solar power generation on the level and volatility of wholesale electricity prices in Greece," Energy Policy, Elsevier, vol. 170(C).
    4. Rodríguez-Vilches, Rubén & Martín-Martínez, Francisco & Sánchez-Miralles, Álvaro & Gutiérrez de la Cámara, Javier Rodrigo & Muñoz Delgado, Sergio, 2024. "Methodology to assess prosumer participation in European electricity markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 191(C).
    5. Halužan, Marko & Verbič, Miroslav & Zorić, Jelena, 2020. "Performance of alternative electricity price forecasting methods: Findings from the Greek and Hungarian power exchanges," Applied Energy, Elsevier, vol. 277(C).
    6. Jemma J. Makrygiorgou & Christos-Spyridon Karavas & Christos Dikaiakos & Ioannis P. Moraitis, 2023. "The Electricity Market in Greece: Current Status, Identified Challenges, and Arranged Reforms," Sustainability, MDPI, vol. 15(4), pages 1-40, February.
    7. Filippos Ioannidis & Kyriaki Kosmidou & Kostas Andriosopoulos & Antigoni Everkiadi, 2021. "Assessment of the Target Model Implementation in the Wholesale Electricity Market of Greece," Energies, MDPI, vol. 14(19), pages 1-22, October.
    8. Sandra Giraldo & David la Rotta & César Nieto-Londoño & Rafael E. Vásquez & Ana Escudero-Atehortúa, 2021. "Digital Transformation of Energy Companies: A Colombian Case Study," Energies, MDPI, vol. 14(9), pages 1-14, April.
    9. Ioannidis, Filippos & Kosmidou, Kyriaki & Papanastasiou, Dimitra, 2023. "Public awareness of renewable energy sources and Circular Economy in Greece," Renewable Energy, Elsevier, vol. 206(C), pages 1086-1096.

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