The establishment of the Greek Energy Exchange has led to a significant 62.23 percent reduction of the supplier surcharge, related budget data covering June 19 to June 30, has shown.

The figures are based on supplier operating costs for 2018 submitted by the Greek Energy Exchange to RAE, the Regulatory Authority for Energy, which has yet to offer its endorsement.

The supplier surcharge reduction is expected to be revised to 55.16 percent once other regulations are imposed.

The Greek Energy Exchange is expected to make corrections, if needed, following RAE’s approval of the figures.