1. Energy Greece: hub for energy independence of Europe? Georgette Lalis Task Force for Greece – Head of the Athens office

2. Energy The main framework  Energy Roadmap 2050 (15/12/2011)  Connecting Europe (02/10/2012)  Internal Energy Market (15/11/2012)

3. Energy The internal energy market can deliver Economic growth Jobs Secure supply Sustainable use of limited resources Affordable energy

4. Energy The internal market helps keeping prices in check Wholesale electricity prices in the EU have risen three times less than the import price of gas and four times less than the price of crude oil in the last 10 years.

5. Energy Independent national energy regulators are central to ensure truly competitive markets ENERGY REGULATORS ARE INDEPENDENT CONCERNS ABOUT INDEPENDENCE Energy

6. Bridging the gap between Member States No Flows Flows only in one direction Flows in two directions GAS FLOWS Energy

7. High concentration in retail electricity markets VERY HIGH (ABOVE 5000 HHI) HIGH (1800 – 5500 HHI) MODERATE (750 – 1800 HHI) Energy

9. Economic crisis = Chance for Greece  Restructuring of the energy market  Rectification of problems in the energy market  Put in place an appropriate regulatory framework

10. Energy Infrastructure hub in SEE  Greece can develop towards an infrastructure hub in South-East Europe  Southern Corridor  LNG in Revythoussa  Future developments in Eastern Mediterranean  BUT: need to make the regulatory framework right

11. Energy The Southern corridor: a priority for Europe FYROM TAP Nabucco West TANAP SCP-X Trans- Caspian In June 2012, Turkey and Azerbaijan signed were a binding intergovernmental agreement, a host country agreement for the development of TANAP and a commercial memorandum between Socar and Botas Decision expected by June 2013 Negotiations started Expansion plan to be decided soon Shah-Deniz II FID by end 2013 Nabucco "Classic" – back- up option to TANAP

12. Energy Value in the Southern Gas Corridor Open a reliable and significant route for gas from the Caspian Region [new source]  Bringing Azeri, Turkmen and/or Iraqi gas direct to the EU Improve Security of Supply in Southern Europe  Diversifying the countries put most at risk in the 2006 and 2009 supply cut-offs Reduce transit risk [new route]  Creating a new physical bridge to import gas in Europe Increase wholesale competition [new counterparts]  Bringing new gas volumes to (new) gas hubs, fostering liquidity and competition in the wholesale markets > 75 % 50 - 75 % 25 – 50 % < 25% 0% % of missing gas supply from 6 to 20 January 2009 Different value of projects – objective criteria

13. Energy Key issues Communication on the Internal Energy Market Electricity  Develop a competitive + open market  Phase-out price regulation universal service obligation effective protection of vulnerable consumers  Develop power exchanges  Improve efficiency of PPC  Reform RES

14. Energy Key issues Communication on the Internal Energy Market Gas  Facilitate functioning wholesale market  Integration with neighbouring Member States  Set-up a spot market and exclusive rights of regional gas supplier  Non-discriminatory allocation of capacity of the interconnection

15. Energy Empowering Consumers Full opening of retail markets to ensure full consumer choice More widespread use of micro-generation "Smartening" of energy system to enable demand response reduced dependence on grid electricity/ suppliers Support energy efficiency measures Enhanced public acceptance for renewable energy projects

16. Energy Share of renewable energy (% of total energy use) 2020 national target2009 performance % Source: European Commission What needs to happen post-2020?

17. Energy Renewables developments in Greece  Greece is on a good way to fulfil its 2020- targets  Wind on islands  Solar (in particular PVs)  Other forms of renewables less relevant  Beneficial support scheme

18. Energy THANK YOU FOR YOUR ATTENTION! Energy