Industrial consumers support RAE action for retail market revisions

EVIKEN, the Association of Industrial Energy Consumers, has, in public consultation staged by RAE, the Regulatory Authority for Energy, backed the authority’s initiative for prospective revisions to retail electricity rules, noting competition is being affected by coordinated actions from suppliers.

In its letter submitted to the public consultation procedure, EVIKEN reminds that it has called for decisive intervention by RAE, noting that the supply market, in the absence of fundamental conditions fostering competition – a situation for which vertically integrated energy companies, especially private sector companies, are responsible – can be characterized by coordinated practices that aim to fully transfer to customers price risks entailed in day-ahead and balancing markets.

EVIKEN, in its letter, demanded data illustrating the number of days over the past two months when electricity production technologies (lignite, natural gas, hydropower and imports) determined prices in the day-ahead market.