Distribution network operator DEDDIE/HEDNO is preparing to reiterate a warning to RAE, the Regulatory Authority for Energy, highlighting unpaid receivables owed to the operator by the country’s electricity suppliers, owing, according to sources, more than 120 million euros.
The operator is expected to deliver a letter to the authority within the next few days that will provide details on respective amounts owed by suppliers, identify suppliers who are allegedly breaching payment rules on a regular basis, and also inform on the action the operator is preparing to take.
This latest warning from DEDDIE/HEDNO will be the second to be delivered to RAE this month. The operator had issued a first warning last October, while the issue was still nascent.
According to market regulations, RAE has the power to remove suppliers from the country’s registry of suppliers if they do not meet their financial obligations.
Smaller suppliers could find themselves in trouble as January’s further increase in electricity price levels could prompt a greater number of payment delays by consumers and, by extension, payments of surcharges by suppliers to operators.
At present, suppliers, both vertically integrated and not, are under cash-flow pressure as they anxiously await electricity bill payments by consumers.