The Greece National Committee aims to promote sustainable energy development in Greece, as a part of the World Energy Council’s energy vision. As a member of the World Energy Council network, the organisation is committed to representing the Greek perspective within national, regional and global energy debates. The committee includes a variety of members to ensure that the diverse energy interests of Greece are appropriately represented. Members of the committee are invited to attend high-level events, participate in energy-focused study groups, contribute to technical research and be a part of the global energy dialogue.
Giorgos N. Stasinos, President of the Technical Chamber of Greece (TCG) is a Civil Engineer graduated from the Technical University of Patras. He has been member of the TCG Assembly from 2006 and Member of the TCG Executive Committee (2014- present). Mr Stasinos is also President of the Engineering Party of the Hellenic Party and of the European People’s Party since 2011.
Energy in Greece
The Greek energy market is undergoing fundamental reforms with requirements arising from the European Union as well as various intergovernmental agreements shaping up its energy market’s outlook. The focus lies on the liberalisation of the electricity and natural gas markets, increased competitiveness and the extension and enhancement of the domestic and cross-border electricity.
For this year’s Issues Monitor, the energy leaders of Greece have selected Coal, Commodity Prices and Capital Markets as the critical uncertainties and Renewable Energy, Energy Efficiency and Regional Integration as the action priorities for the country.
Coal is the critical uncertainty number one for this year’s Greek Issues Monitor. Greece is the 12th largest producer of brown coal in the world. In contrast with most EU countries, Greece’s decarbonisation process is lagging. There is a lot of pressure on Greece to reduce its coal consumption as many are now calling out for an up-to-date Energy Transition roadmap focusing on renewable energy and green gas.
According to the energy leaders of Greece, the issue of commodity prices is a critical uncertainty the Greek energy sector. With the prices for energy commodities including oil, natural gas, and coal significantly increasing, it becomes more and more difficult for Greece to deliver reliable and affordable energy. The issue of capital markets is the third critical uncertainty according Greek energy leaders. Greece has launched its energy stock exchange as “Hellenic Energy Stock Exchange SA”. The exchange will organise and operate Greece’s new electricity, natural gas and environmental markets through providing access to new energy markets and introducing new products on the domestic market. The overall objective is the gradual convergence of energy prices of the single European market for future.
Energy leaders in Greece highlight renewable energies as the first action priority for this year’s Issues Monitor. With a huge potential for renewable energy and ongoing large-scale infrastructure projects, Greece can play a key role in the formulation of the EU energy mix. In 2018, the Greek government hosted auctions for renewable energy projects to the reach the 2020 target of 18% renewables in the energy mix.
The issue of regional integration is the second action priority for this year’s Issues Monitor. As recognised by the Greek government in its growth strategy, it is important for the country to develop energy trade and investment relations with neighbouring countries. The Greece-Bulgaria gas interconnector project (IGB) is a key project that connects Bulgaria to Southern Gas Corridor and the initiative is facilitated and supported by the European Commission. In addition to this, the launch of Greek energy exchange will help in reaching out to the neighbouring countries and encourage power trade between them.
The energy leaders in Greece consider energy efficiency as the third action priority for this year’s Issues Monitor. The energy efficiency index for Greece (including all sectors) decreased regularly by 33%, from the years 2000 to 2016. The ‘Saving at home II’ programme, funded by the European Union, involves the implementation of interventions to improve the energy performance of residences belonging to low-income owner’s category. However, there is a need to pace things up increase the efforts to achieve set targets.
The Greek energy policy aims to safeguard and manage energy resources to secure an affordable and reliable supply for the nation’s energy needs. A great effort is being currently put into alternative energy sources and routes to ensure the supply of the domestic market and protect consumers in the case of emergencies. However, to ensure a secure future for the Greek energy sector, there is a need to work on sustainable development of the energy sector from the stage of production to the end-use while protecting nature and safeguarding the environment.