Public service compensation nighttime rate cut after the elections

A legislative revision for lower public service compensation (YKO) charges concerning nighttime electricity consumption has been left unfinished for after the snap elections on July 7.

The government’s call for early elections stopped the energy ministry from submitting a related bill to Parliament. This adds yet another pending matter to the next energy minister’s agenda.

After discovering, quite some time ago, that consumers were being overcharged for public service compensation amounts concerning nighttime consumption, RAE, the Regulatory Authority for Energy, ordered the energy ministry to prepare a legislative revision for correction. However, the call for early elections intervened, leaving the matter unfinished.

RAE proposed a nighttime public service compensation reduction from 0.085 euro per KWh to 0.03 euro for the highest consumption category of 2,001 KWh and over, as well as a drop from 0.05 euro to 0.015 euro for the mid-level consumption category of 1,600 to 2,000 KWh.

Since January 1, 2018, nighttime public service compensation charges have been the same as the daytime rates for all consumption categories.

Until December, 2017, a flat YKO rate of 0.00889 euro applied for all nighttime consumption amounts.