RAE to im­pose bill of ex­tra 375 mln eu­ros

Kathimerini English - - Focus - CHRYSSA LIAGGOU

Elec­tric­ity con­sumers will have to pay an ex­tra 375 mil­lion eu­ros from early 2018 to end-2022 in or­der to cover the cost that the Public Power Cor­po­ra­tion paid in the 2012-15 pe­riod for sub­si­dized ser­vices.

That is the fig­ure the Reg­u­la­tory Author­ity for En­ergy has ar­rived at fol­low­ing months of ex­am­in­ing PPC’s sub­si­dized ser­vices, slash­ing the amount that PPC is claim­ing (735 mil­lion eu­ros) by al­most 50 per­cent.

Al­though the law dic­tates that those amounts should be re­trieved on an an­nual ba­sis, up un­til to­day the com­pe­tent min­is­ters would sim­ply roll them over to the next year in a bid to avoid the po­lit­i­cal cost re­sult­ing from higher elec­tric­ity bills – in the process cre­at­ing a back­log of hun­dreds of mil­lions of eu­ros.

Af­ter pres­sure from the coun­try’s cred­i­tors, RAE plowed through that back­log and is now set to pro­pose a fi­nal fig­ure to En­ergy Min­is­ter Gior­gos Stathakis that will grad­u­ally be passed on to con­sumers as of Jan­uary 2018.

In its as­sess­ment, RAE is said to have en­deav­ored to put the least pos­si­ble bur­den on con­sumers, but this at­ti­tude is said to have an­gered PPC, which Kathimerini un­der­stands is even con­sid­er­ing re­sort­ing to jus­tice on the mat­ter.

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