Final touches added to draft bill for RAE’s expanded role

Final touches are now being added to a draft bill concerning the new administrative structure at RAE, the Regulatory Authority for Energy, set to assume expanded executive powers also giving the authority water and waste management duties.

The authority will be renamed RAAEY, or the Regulatory Authority for Waste, Energy and Water. Its expanded role will facilitate the country’s eligibility for EU Recovery and Resilience Facility (RRF) funds.

Three new divisions will be created as part of the authority’s expansion, each supervising its respective sector. These divisions, all of which will remain under the control of the expanded RAAEY authority, will each consist of a vice chairman and three or – based on a latest proposal – four committee members.

Also, a main board to be headed by the RAAEY president will include the three vice presidents of each division as well as their committee members.

RAE’s current president Athanasios Dagoumas will hold the vice chairman’s position of the energy division during the authority’s transition from RAE to RAAEY. He is also a candidate for RAAEY’s presidency, a political decision to be decided on at a latter date.

Also, RAE’s current board members will be given the opportunity to occupy posts at either the water or waste management divisions.