The energy ministry appears to have reached a decision to not extend the duration of emergency measures for the retail and wholesale electricity markets beyond a September 30 expiry date, but an adjustment period smoothening the return to normalized market conditions seems likely, energypress sources have informed.

An announcement on details concerning the termination of emergency measures, introduced last summer, is expected to be made today during Prime Minister Kyriakos Mitsotakis’ scheduled visit to the energy ministry.

Electricity supplier calls for a short adjustment period, during which consumers would be informed on new products and tariffs, appear to have been heeded at the energy ministry.

The ministry is now expected to proceed with a legislative revision that will set out the transition towards normalized retail market conditions, including the reactivation of indexation clauses in electricity bills.

Transitional tariffs are expected to be a fundamental part of the return to normalized market conditions. The legislative revision is also seen shortening the notification period suppliers will be required to offer customers on forthcoming changes from 60 days to 30 days.

As a result, given the anticipated end of emergency measures on September 30, suppliers will need to inform customers on prospective electricity tariff and product changes by August 31, not July 31.