The country’s independent electricity suppliers are demanding a VAT rate reduction to 13 percent from the current 24 percent rate imposed by DEDDIE/HEDNO, the Hellenic Electricity Distribution Network Operator, arguing the VAT they collect from electricity consumers is relatively lower at 13 percent.

This imbalance, forcing independent electricity suppliers to cover greater VAT rates for their DEDDIE electricity transactions than the VAT imposed on amounts they receive from consumers, is one of a series of unfair market conditions identified by independent suppliers as obstacles restricting the development of competition.

The 11 percent VAT discrepancy is detrimental to the financial performance of independent electricity suppliers, company officials have stressed.