RAE, the Regulatory Authority for Energy, currently calculating the year’s electricity supply costs associated with operating expenses of diesel-fired power stations on non-interconnected islands and social residential tariffs (KOT), believes an increase of a RES-supporting YKO surcharge paid by consumers through electricity bills will not be needed, initial authority estimates have indicated.

Though DEDDIE/ HEDNO, the Hellenic Electricity Distribution Network Operator, is responsible for delivering these figures to the energy ministry, RAE has begun making calculations of its own for expenses in 2018 and an expenditure projection for 2019.

RAE is seeking to determine if current tariff-related revenues cover electricity supply expenses or, if not, whether additional national budget support will be needed.

Last year, the government ratified legislation permitting subsidized electricity amounts – offered to underprivileged households – of between 40 and 85 million euros, annually, from 2018 to 2022.

Updated RAE data has also shown that the main power utility PPC stands to receive an extra sum of roughly 20 million euros in addition to 375 million euros received for 2014 to 2016. PPC insists it should receive an additional 360 million euros for this period. RAE has rejected the claim and PPC has taken its case to the Council of State, Greece’s Supreme Administrative Court.

RAE is expected to finalize its calculations towards the end of the month.