Greece

Interactions between the energy efficiency obligation and the EU ETS in Greece

This case study analyses potential interactions between the Energy Efficiency Obligation scheme (EEO) and the European Union's Emissions Trading Scheme (EU ETS) in Greece. Such interactions could work in both directions. On the one hand, energy efficiency measures may lead to lower electricity demand and thus reduce the demand of ETS power sector installation for allowances. On the other hand, the ETS market price can lead to a higher wholesale price for electricity which electricity distributors can pass on to consumers, so that they have an incentive to save energy.