In recent years, energy systems have been undergoing a development trend characterised by privatisation of the most important energy sectors (electricity and natural gas) that has turned former monopolies into free-market competitors. Furthermore, community awareness of environmental impact caused by large conventional power plants is growing, together with a greater interest in distributed-generation (DG) technologies based upon renewable energy sources (RES) and cogeneration. In this context, renewable energy technologies are emerging as potentially strong competitors for more widespread use. Despite the remarkable progress attained over the past decades, RES have not yet been fully integrated into the power sector. Some RES-technologies have already achieved a significant market share. The industry is now quite mature, although far from having developed its global potential. This paper deals with the current status of DG in Greece and the presentation of a 60 kWp PV power station, developed under Law 3468/06 "Production of Electricity from Renewable Energy Sources, High Efficiency Cogeneration of Heat and Power and Other Devices". This application is the first DG installation with fixed PV modules implemented in the country after the approval of Law 3468/06. Cash flow economic analysis of the developed DG installation is performed and the experiences related to the potential of DG in Greek electricity market is presented and discussed. (C) 2008 Elsevier Ltd. All rights reserved.