2011 Msc. Thesis Title:  The Dynamics of the Electricity Market in Greece

CV ( English Version)

The majority of electricity markets worldwide follow the trend of liberalization that initiated in the UK in the late 1980s. During the last decade, EU Directives and market pressure drove the reforms of the Greek electricity market with a view to liberalize the wholesale and retail segments. This process has been slow according to international standards and has yet to establish the desired level of competition.
 The present thesis overviews significant aspects of electricity markets, as well as the current status of the Greek electricity market.  Based on this review, the thesis presents a view on the basic limitations of the Greek market, and their effects on market operations and the involved stakeholders. This is followed by a set of proposals on dealing with the market limitations and on promoting a more robust, fair, market structure aligned with the national goals of economic development and green energy. The proposals focus on the ownership regime of production units, the contracting options, demand response, capacity remuneration, and the balancing market.