NOME auctions as a mechanism to strengthen competition in the Greek electricity market

Legal Tags: Energy, PPC
Photo via https://flic.kr/p/bwZLC3
Photo via https://flic.kr/p/bwZLC3

With decision no. 353/2016, the Regulatory Authority for Energy (RAE) determined the annual amount of electricity that will be available through auction sales of forward electricity products (NOME Type of Auction), which was scheduled to take place for the first time on Tuesday, October 25, 2016.

The NOME mechanism  (Nouvelle Organisation du Marché de l'Electricité) is based on the French model of concluding bilateral agreements between the electricity production and distribution industries and was adopted to, inter alia, implement the European ...

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