Minor hikes, decreases seen for network surcharge revisions

Network usage and distribution fees appearing as surcharges on electricity bills are set for mild increases and decreases, depending on respective consumer categories, but average levels will remain unchanged, energypress sources have informed.

These revised fees, channelled to IPTO, the power grid operator, and HEDNO, the Hellenic Electricity Distribution Network Operator, are expected to be made by RAE, the Regulatory Authority for Energy, within the next few days before coming into effect a month later for a four-year period.

The imminent surcharge revisions will follow the recent approval of IPTO’s ten-year development plan covering 2018 to 2027.

It includes a commitment by the operator to complete Crete’s small-scale submarine cable interconnection by 2020, according to energypress sources. The third phase of the Cyclades interconnection is now also due to be completed in 2020 after authorities decided to hasten the project’s development by two years.

The endorsement of IPTO’s ten-year development plan was a prerequisite for RAE to proceed with its network usage and distribution surcharge revisions as the development costs of projects are a major factor in these calculations.

The HEDNO-related reductions will cover a wider gamut of consumers, sources informed.