No clar­ity on elec­tric­ity charges

RAE sug­gests that gov­ern­ment should cover part of refund for PPC so con­sumers are not bur­dened

Kathimerini English - - Focus -

Con­sumers have still not re­ceived a de­fin­i­tive an­swer re­gard­ing a po­ten­tial in­crease in their elec­tric­ity bills to cover the cost of charges for sub­si­dized ser­vices, known as YKO, be­tween 2012 and 2015.

The rea­son for the de­lay is that the Reg­u­la­tory Author­ity for En­ergy (RAE) has pro­posed that part of the amount owed to the Public Power Cor­po­ra­tion (PPC) for its out­lay on YKO dur­ing the pe­riod in ques­tion should be cov­ered by the state bud­get. How­ever, Greece’s lenders have to ap­prove such a pay­ment and the gov­ern­ment will have to come up with an equiv­a­lent mea­sure that will pro­vide 100 mil­lion eu­ros of an­nual sav­ings for the next two years.

RAE re­cently in­di­cated that PPC cus­tomers would have to pay an ex­tra 360 mil­lion eu­ros via their bills be­tween 2018 and 2022 for money that the elec­tric­ity firm pro­vided to YKO from 2012 to 2015. This money should have been col­lected at the end of each year in ques­tion but au­thor­i­ties failed to do so to pre­vent a hike in elec­tric­ity bills.

The mat­ter is com­pli­cated by the fact that PPC had been de­mand­ing 735 mil­lion eu­ros be­fore RAE de­cided that 360 mil­lion eu­ros should ac­tu­ally be paid back to the elec­tric­ity firm. It ap- pears that PPC’s man­age­ment is de­ter­mined to mount a le­gal chal­lenge against the number ar­rived at by RAE.

RAE has also sug­gested that in a bid to keep the cost for PPC cus­tomers down, the Greek state should re­turn the spe­cial con­sump­tion tax that the power com­pany has paid to sup­ply fuel to elec­tric­ity pro­duc­tion units that it has in­stalled on is­lands that are not hooked up to the na­tional grid.

This pro­posal, how­ever, would need the ap­proval of the in­sti­tu­tions, as well as for the gov­ern­ment to find sav­ings of equal fis­cal im­pact in other ar­eas.

RAE has also rec­om­mended a new set of charges for PPC cus­tomers. Ac­cord­ing to sources, the new rates would only lead to higher charges for those us­ing large amounts of power and would bring costs down for av­er­age users.

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