HEDNO to use electricity theft reserve sum for operating costs

Distribution network operator DEDDIE/HEDNO is expected to cover some of its operating costs using electricity theft reserve money, following a decision by RAE, the Regulatory Authority for Energy, approving the operator’s allowed regulatory income for 2021 to 2024.

The electricity theft reserve money to be used by the operator totals 10.04 million euros.

RAE considers appropriate the allocation of this amount for partial coverage of DEDDIE/HEDNO’s allowed regulatory income as the operator has not indicated it would utilize the sum for other matters.

According to provisions in network management rules, amounts collected in the electricity theft reserve may, following RAE approval, be used to offset financial losses of consumers as a result of network electricity theft, as long as there is no immediate need, or specific proposals by the network operator, to finance actions intended to improve electricity theft detection and limit such practices.