About RAE


The Energy Regulatory Authority (RAE) is an independent regulatory authority, which was established by Law 2773/1999,, in the context of harmonization with Directives 2003/54/ΕΚ and 2003/55/ΕΚ  on electricity and natural gas, with main its competence to supervise the domestic energy market, in all its sectors, recommending to the competent State bodies and taking measures itself to achieve the goal of the liberalization of the electricity and natural gas markets.


Η Ρυθμιστική Αρχή Ενέργειας (ΡΑΕ) είναι ανεξάρτητη ρυθμιστική αρχή, η οποία συστήθηκε με το ν.2773/1999, στο πλαίσιο εναρμόνισης με τις Οδηγίες 2003/54/ΕΚ και 2003/55/ΕΚ για τον ηλεκτρισμό και το φυσικό αέριο, με κύρια αρμοδιότητά της να εποπτεύει την εγχώρια αγορά ενέργειας, σε όλους τους τομείς της, εισηγούμενη προς τους αρμόδιους φορείς της Πολιτείας και λαμβάνοντας η ίδια μέτρα για την επίτευξη του στόχου της απελευθέρωσης των αγορών ηλεκτρικής ενέργειας και φυσικού αερίου.

With Law 2773/1999, and mainly with its subsequent amendments, RAE was assigned responsibilities, mainly advisory, monitoring and control of the energy market in all sectors, i.e. the production of electricity from conventional fuels, from renewable energy sources and natural gas. Furthermore, RAE assumed specific responsibilities in relation to the market of petroleum products.

In particular, RAE has now assumed a decisive role in the following matters:

Issuance of production licenses
Monitoring and supervision of the energy market
Consumer protection
Monitoring the security of the country’s energy supply
Granting of licenses
Oversight of Independent Transmission Operators
Approval of tariffs for non-competitive activities
Granting an exemption from third party access obligations
Monitoring access to energy connections
Taking regulatory measures for the orderly operation of energy markets

RAE’s role as a national energy regulator has been upgraded since 2011, with the extension and strengthening of its decisive powers regarding the regulation of electricity and natural gas markets, powers assigned to it at the behest of the Third European Energy Package , which reduces the national energy regulatory authorities to “guarantors” of the orderly functioning of the energy markets.

You can find more information on the relevant European regulatory framework as well as more detailed information on the role of the Energy Regulatory Authority here: ΡΑΕ