RAAEY, the Regulatory Authority for Waste, Energy and Water, has determined that gas grid operator DESFA’s intended WACC figure for 2024 to 2027, planned to be set at 9.14 percent, is unjustifiably high and above the corresponding figures of all other operators.

At this stage, RAAEY and DESFA have work to do to converge for an agreement on the operator’s WACC figure concerning the aforementioned four-year period. Even so, both sides are confident an agreement will be achieved.

RAAEY is expected to deliver decisions on DESFA’s WACC level, allowed revenue and tariffs for 2024 to 2027 within the first ten days of June.

DESFA has set itself an allowed revenue of 201 million euros for 2024, with slight rises over the ensuing three years, to 218 million euros in 2025, 233 million euros in 2026, and 247 million euros in 2027.

Meanwhile, a ministerial decision paving the way for the country’s three gas distribution network operators to replace conventional gas meters with smart meters is believed to be just days away.