The Reform of Capacity Remuneration Mechanism in Greece.

This paper introduces the principal characteristics governing the capacity remuneration mechanism implemented in Greece aiming to encourage electricity generation and security of supply in the country. The analysis is divided in three core sections: Section II sets out the main characteristics and the legal framework governing the Greek energy market. In Section III, the provisions establishing the Greek capacity remunerationmechanismare analyzed, with special reference to the proposed amendments by the Greek energy regulator to be implemented in light of the new EU state aid regulatory framework in the energy sector. Lastly, Section IV elaborates on the compatibility of the Greek capacity mechanism with normative provisions of EU law. [ABSTRACT FROM AUTHOR]