Forward Electricity Product Auctions

The Forward Electricity Products Auction System (FEPAS) was introduced by Law 4366/2015 and Law 4389/2016 to promote the development of competitive energy portfolios for the Retail Market. FEPAS provides access to Eligible Suppliers to Forward Electricity Products, followed by the obligation of Physical Delivery in the Day Ahead Scheduling.

The Hellenic Energy Exchange S.A. is appointed as the Operator of FEPAS according to the applicable legislation. HEnEx maintains the Registry of Eligible Suppliers and Traders and the Registry of Sellers, conducts the relevant auctions, operates the Secondary Market and the Supplementary Settlement of Forward Electricity Products in the Day Ahead Scheduling under the provisions of the Forward Electricity Product Auction Code (FEPAC).