Greek recovery could come through its energy sector

The International Energy Agency has called for the Greek government to implement key changes to the power sector. They say that decreasing the role of the state and improving competition […]

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By Tom Gibson

The International Energy Agency has called for the Greek government to implement key changes to the power sector. They say that decreasing the role of the state and improving competition will have a positive effect on the struggling economy.

Maria van der Hoeven, IEA Executive Director said: “Reforming Greece’s electricity and gas markets is a policy imperative that should add efficiency and dynamism to the Greek economy. This, in turn, should help generate self-sustained employment and prosperity for the country.”

The IEA has released a report detailing the changes, which also notes the potential for wind and solar energy in the Mediterranean nation. While the report was being written, Greece adopted a law to improve competition back in August, which the IEA has welcomed.