Energy companies and utilities operate in a complex environment, with heavy regulatory requirements, ever-increasing competition, geopolitical influence, and changes in stakeholder expectations. In Greece, opportunities are numerous but so are the challenges, given the country’s high dependence on fossil fuels and the structure of the local market, with a limited number of participants.
Currently the Greek energy and utilities market is undergoing fundamental reforms. Requirements arising from European and International Agreements are shaping the operating framework of the market. The liberalisation of the electricity and natural gas markets will support competition and costumer choice. Furthermore the extension and enhancement of the cross border electricity flows, several gas projects, the separation of production and supply in the energy market, the increased effort to generate electricity from renewable energy sources, and the expanding environmental protection focus are all demanding corporate changes.
At PwC, we continuously monitor and analyse the developments in the Greek energy and utilities industry, to determine their impact on and how we can best support our clients for the changes. Our specialist teams with our subject matter experts are able to develop appropriate solutions across assurance, consulting, deals and tax.