Broader offsetting eligibility for operator, energy firm accounts

The energy ministry intends to maximize the eligibility and coverage of an imminent plan designed to offset unsettled accounts between market operators and energy producers or suppliers.

A related ministerial decision is expected to be delivered by the energy ministry within the next fortnight.

The energy ministry’s upcoming measure, seen as crucial cash-flow support for energy-sector companies amid extraordinary times, will seek to make eligible – for offsetting – as many categories as is legally possible.

This essentially means that the offsetting plan’s terms to be included in the ministerial decision will be far more relaxed than those of a proposal delivered just days ago by RAE, the Regulatory Authority for Energy.

The energy ministry accepts a number of the observations made by RAE but is proceeding with its own appraisal and terms, sources informed.