Legal
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Legislative developments on restructuring and liberalisation of Greek electricity market
Chapter IV of Law 4389/2016 on “Urgent provisions for the implementation of the Agreement for Financial Goals and Structural Reforms and other provisions” includes a number of crucial provisions for the Greek electricity market.
Bad news for Greek Shipowners? Tonnage tax under European Commission scrutiny
Upon completion of a long-winded ex officio inquiry into the Greek taxation regime for shipping, the European Commission found that the pertinent legal framework includes certain provisions that may be deemed incompatible with EU state aid rules and, in particular, with the ‘EU State Aid Guidelines for Maritime Transport’ (Commission Communication C (2004) 43), which seek to maintain a level playing field for shipping within the European Union. Accordingly, by virtue of Decision C (2015) 9019 final of 18.12.2015, the Commission addressed a set of proposals to the Greek government, calling for the amendment of the said framework in such a manner as to achieve its compliance with the aforementioned EU rules.
New regime on electricity producers from RES/CHP stations foresees further investments in Greek energy market
In early August 2016, Greek Parliament passed Law No. 4414 on the "New support scheme for electricity producers of Renewable Energy Sources (RES) and Combined Heat and Power High Performance (CHP) stations - Provisions for legal and functional separation of supply and distribution industries in the market of natural gas and other provisions "(Gov. A'139 / 09.08.2016), which regulates highly important issues for the Greek energy market as regards the electricity stations generating power from RES and CHP.