RAE, the Regulatory Authority for Energy, has approved a formula enabling procedures to begin for supplier surcharge refunds resulting from a RES special account surplus of 121.12 million euros in 2018 following the deduction of a 70 million-euro safety net.

RES market operator DAPEEP, formerly known as LAGIE, plans to return supplier surcharges over two stages, beginning with immediate payments in the form of credit invoices based on amounts determined by the formula, followed by a second round once finalized sums have been calculated.

The results of this finalized calculation could require some suppliers to return parts of amounts received.

Power utility PPC and some of the independent suppliers with outstanding supplier surcharge amounts to the operator will not be able to receive returns. However, amounts owed will be offset.

DAPEP’s actual supplier surcharge refunds are expected to be delayed by periods that are equivalent to those experienced by RES producers for payment of their electricity contributions to the grid. The operator is several months behind on payments to RES producers.