Cyprus TSO Legal Identity
The establishment of the Cyprus Transmission System Operator (Cyprus TSO) was a result of the decision of the Republic of Cyprus for harmonisation with the European Union Directive 96/92/EC, by which all member states were called to implement such measures so as to allow liberalisation of the internal electricity market and encourage competition through the coming of independent power producers. The Republic of Cyprus proceeded with the market opening in the Republic, through the preparation and implementation of the Law Regulating the Electricity Market of 2003, N.122 (I)/2003, which was passed by the House of Representatives on the 25th July 2003.
According to the pronouncement of the Attorney-General of the Republic of Cyprus dated 17/09/2007, the Cyprus TSO is a Legal Person of Public Law.
According to Article 61 of the Law, the Transmission System Operator has the following exclusive functions:
To operate an efficient, co-ordinated, safe, secure, reliable and economical transmission system;
- To ensure the development and the maintenance of a safe, secure, reliable, economical and efficient transmission system;
- To explore and develop any possibility for interconnection of the transmission system with other systems following directions of the Minister;
- To ensure the availability of all generating and other services which are necessary to carry out its functions outlined in paragraph (a);
- To establish protocols with the Distribution System Operator furthering the operation of a co-ordinated transmission system and distribution system;
- To operate a system of load dispatch and use of the transmission system on objective, non-discriminatory, economical and technical criteria in accordance with:
- the conditions in the license granted by CERA
- the Transmission and Distribution Rules
- the Electricity Trading and Settlement Rules
- To operate and administer the electricity trading arrangements in accordance with the Electricity Trading and Settlement Rules;
- Should the opportunity arise, to develop, and publish procedures for the use of interconnectors with other transmission and distribution systems;
- To charge for the connection to and use of the transmission system;
- To offer terms and enter into protocols or agreements for connection to and use of the transmission system with all those using and seeking to use the transmission system.