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Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies
Ministerial Decision 174063 established the new energy efficiency obligation scheme aiming to attain the commitments undertaken by Greece in compliance with the obligations of Directive 2012/27/EU of the European Parliament and of the Council.
According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution of pensions and to the conditions for such an attribution are only introduced by the Minister of Economics following a Court of Audit’s Opinion respectively (…)”.
The law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under specific conditions has been the cause of much discussion.
The compromise between the European Commission and Gazprom made public recently was triggered by the substantial commitments made by the Russian gas giant with regard to the omission of acts breaching EU antitrust rules.
Greece recently introduced various laws to create a competitive internal market for its natural gas sector with the aim of strengthening competition and ensuring security of supply.
Greece will be required to explicitly commit to ''alternative structural measures", as the memorandum with its creditors stipulates, in case the mandatory NOME auctions for selling Public Power Company’s (PPC) electricity products to its competitors do not succeed.
A legal issue that has, for obvious reasons, major political significance arose after a request by the Greek Council of State to the CJEU for a preliminary judgment.
The recent decision of the European Court of Justice (ECJ) to reject the appeal by the Public Power Corporation against the Commission decision providing for measures necessary to restore competition on lignite rights, brings back to the fore the issue of PPC’s privatisation.
The Greek government intends to pass a law concerning the out-of-court settlement of debts of entities with trading licenses in an effort to regulate the so called “red loans” owed to banks, funds and the government.
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.