Enterprises, farmers spared of public service compensation fees

An energy ministry draft bill submitted to Parliament on Wednesday for discussion expected next week includes a provision exempting energy-intensive enterprises in the low and medium-voltage categories, as well as farmers, from public service compensation (YKO) surcharges concerning  electricity bills between November, 2021 and March, 2022.

The energy-cost relief promised by this four-month exemption to consumers of the aforementioned categories is estimated to be worth approximately 63 million euros.

Public service compensation surcharge payments for these categories of consumers were initially suspended, from the end of 2021, at the height of the energy crisis, in order to ease their energy-cost burden.

At the time, government officials originally planned for these suspended public service compensation amounts to be paid at a latter date, once electricity prices had deescalated.

At the beginning of this year, the energy ministry noted these amounts ought to be abolished as a result of fiscal leeway provided by a surplus of the public service compensation’s special account.