On Friday 
Reuters reported that Greece will gradually increase the domestic electricity prices and will allow investors access to its coal deposits. These are part of measures to open up the national electricity market which is currently dominated by the state owned energy company PPC. The liberalization of the local electricity market is one of several conditions that the EU and IMF imposed on Greece due to its fiscal crisis Reuters stated. Currently the energy incumbent in the country controls 97% of the retail electricity market.
According to the report, Greece also would give access to lignite mines and power plants. The reform should also make the transmission grid operator DESMHE more independent and more effective Reuters announced.
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