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Greek Electricity Energy Market is a Monopoly

19 May 15 | Margrethe Vestager
Margrethe Vestager

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The electricity energy market in Greece is a "monopoly" hitting consumers and the Greek economy in general, Margrethe Vestager, EU Competition Commissioner said in an exclusive interview with EurActiv.gr.

 

"Competition in the Greek electricity energy market is very limited. This affects production and wholesale, along with supply to end consumers, which essentially is a monopoly.

These are bad news both for consumers and the economy. Of course, there is a need to boost competition," Vestager said adding that the European Commission reached a decision in 2008,

according to which "PPC has an exclusive access to lignite -the cheapest fuel in Greece- and urged Greece to expand access to competitors. This decision is currently examined by EU courts".

The EU Commissioner said that an Energy Regulatory Authority in Greece must be "strong and independent".

"In general terms, it is important for competition in Greece to have the proper regulatory framework and a strong and independent regulatory authority," Vestager said, adding that it would be "premature" any forecast over the results of a Commission inspection on the acquisition of DESFA by Azeri company Socar.

The Commissioner said that the EU executive has sent questions to the Azeri company and was awaiting for "complete answers".

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