Development of Hellenic Electricity Market towards the EU Target Model objectives, and the context of the Law 4425/2016

The scope of this challenging project is to support the development of two interconnected corporate entities, namely the Central Counter Party (CCP) and the IT&Services company which will manage effectively the trading and clearing transactions of the Greek electricity market, providing reliability, transparency and supporting the liquidity of this market, applying competitive charging fees. The contractor should :

• Propose a Business Plan for a new company which should be able to act as the Clearing House for the Markets, according to the provisions of the Article 11 of the Law 4425/2016.
• Propose a Business Plan for a new company that should act as the IT Services and Infrastructure provider to support LAGIE S.A. in order to organize and operate the Markets, according to the provisions and the schedule prescribed by Law 4425/2016.
• Details about the shareholder structure, share capital, organizational structure, governance, human resources and infrastructures needed, operating and outsourcing policies should be covered at least for both plans (see chapter 4).

             The operational and financial efficiency of each one of the above new companies as well as their interoperability with LAGIE and ADMIE should be evaluated (hereinafter “the proposed architecture”).

• Propose an Implementation Plan for the Markets setup and operation, in conjunction with the setup of the above two companies, indicating all the actions that shall be performed providing a project schedule.  The type of cooperation between LAGIE, ADMIE, ATHEX GROUP in the context of the above two (2) new corporate entities should be included as well as their provided services in order the Markets to be operated with a secure, effective and efficient way according to the Target model. The plan shall include interdependencies among the actions and estimates for the implementation time, infrastructure and costs.
• Propose a competitive in EU level fee policy for each Market Operator considering the related costs under the proposed architecture.
• Highlight possible conflicts, incompatibilities or improvements in the current framework which regulates Hellenic Electricity Market (Laws 4001/2009 and Development of Hellenic Electricity Market towards EU Target Model objectives and the context of the Law 4425/2016  in order the above mentioned plans to be executed in a timely manner and in compliance with the E.U best practices).

The powers and responsibilites assigned to LAGIE, as the appointed NEMO of the Greek Electricity Market as well as the thorough understading of the current corporate structure, infrastructures and services of ATHEX GROUP and LAGIE, the purpose and the role of the two companies and the legal framework under which they operate, should be taken into consideration for all the above.