Athens Memorandum

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Athens

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Athens

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Athens Memorandum

Policy

Energy strategy to be adopted.

Effective tariffs and affordability

Power tariffs and payments discipline to be such that effective tariffs cover costs.

Social safety net for the power sector to be in place.

Independent regulator to be set up.

Gridcod es to be adoptedan d implemented.

Transmission tariff methodologies to be adopted.

Industry commercialization and restructuring

Increased utility transparency to be achieved through application of International Accounting Standards (IAS) and best practice on corruption abatement as advised by a reputable international body to be adopted.

Transmission system operator to be set up. This entity should be independent at least in terms of its legal form, organization and decision making from other activities not relating to transmission.

Distribution system operator(s) to be set up. This entity should be independent at least in terms of its legal form, organization and decision making from other activities not relating to distribution.

Market development

Information exchange between national dispatch centers to commence, moving to tele-information

Commercial codes to be developed.

Open network access andliber alization of the market for non-householdconsumers to take place in a phasedmanner from 2005.

EXTERNAL LINKS

http://www.europa.eu.int