Athens Memorandum

Athens Memorandum

The Athens Memorandum is a commitment by some nations of Europe, including those of the European Union, to undertake greater co-operation in energy related matters. Under the memorandum, participating countries have committed to undertake the following steps:

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.Regulation
* Independent regulator to be set up.
* Gridcod es to be adopted and 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-informationexchange amongst dispatch centers.
* 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


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