RAE, the Regulatory Authority for Energy, needs to take an initiative leading to standard format electricity bills issued by all electricity suppliers, which would make cost comparisons easier for consumers, Michalis Filippou, president and managing director of LAGIE, the Electricity Market Operator, has noted.

Various costs incorporated into electricity bills – electricity purchase procedures (forward, day-ahead, intraday and balancing); transmission and distribution surcharge costs paid to IPTO, the power grid operator and HEDNO, the Hellenic Electricity Distribution Network Operator; subsidy costs (RES-supporting ETMEAR surcharge and YKO public service compensation); taxes (EFK special consumption tax and VAT); municipal duties; and ERT public radio and television support costs – all need to be presented in standard format electricity bills issued by all suppliers, according to the LAGIE chief.

This will enable all consumers – household, business and industrial – to identify true electricity costs and make swifter and clearer comparisons, Filippou pointed out.