Electricity suppliers have yet to be rebated for RES-supporting supplier surcharge amounts resulting from a 121.12 million-euro surplus of the RES special account in 2018 as a legislative amendment required for the money to come through remains pending.

Though existing legislation stipulates the return of this surplus amount, determined following the deduction of a 70 million-euro sum to be kept as a safety net, the plan has been obstructed by RES market operator LAGIE’s replacement by DAPEEP, the sector’s new operator.

This name change needs to be incorporated into the law to enable the rebate procedure’s execution. The rebate decision was included in a law that was ratified prior to DAPEEP’s establishment.

The energy ministry has yet to prepare an amendment needed to resolve the complication prompted by DAPEEP’s replacement of LAGIE. Officials are believed to be aiming for a solution by May.

Certain suppliers, especially the main power utility PPC, have failed to forward the entirety of RES-supporting amounts collected from consumers to the RES special account. These pending amounts will be offset from supplier surcharge rebates for suppliers.