Greek electricity market coupling with Bulgaria set for May 11
Greece's next market-coupling step, a day-ahead market link with Bulgaria, following an equivalent step with Italy in December, is scheduled to take place on May 11, reported local energy portal Energypress.
Preceding trial runs, started on March 16 and planned to take place until April 30, must be successfully completed before the Greek-Bulgarian day-ahead market link is given the green light for its launch. Automatic energy flow from the more expensive to the less expensive electricity market is expected to initially prompt a slight reduction in domestic wholesale electricity prices.
Greater price convergence between the Greek and Bulgarian markets is expected to be achieved with the introduction of a second transmission line running from Nea Santa, northeastern Greece, to Bulgaria's Maritsa area in the south. This second line promises to greatly boost transmission potential between the two countries.
The additional transmission line was originally slated for launch in 2023, but swift progress from the Bulgarian side has increased the likelihood of an earlier delivery, mid-way through 2022, according to Greek power grid operator IPTO's ten-year development plan (2022-2031), forwarded for public consultation at the beginning of this year.
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