RAAEY, the Regulatory Authority for Waste, Energy and Water, has warned the country’s new electricity tariff system, launched January 1 and color-coding variable and fixed tariffs in an effort to simplify price comparisons for consumers, could prove ineffective as products offered by some suppliers are not fully abiding by a set of rules established by the authority.

RAAEY wants swift action taken so that issues already identified may not spread. It fears wrongful supplier actions may be imitated by rivals and take the country’s retail electricity back to its unclear state, for consumers, prior to the implementation of energy crisis emergency measures in August, 2021.

The energy ministry, on the other hand, believes the new electricity tariff system should be judged on its benefits it promises to consumers, in other words, intensified competition and electricity price reductions.

Energy supplier Fysiko Aerio’s 8-month fixed tariff is one of the new products that have raised concerns at RAAEY as, according to the authority, it may have comparability issues with the new system’s conventional 12-month fixed blue tariff.

RAAEY officials appear to believe this 8-month fixed tariff takes advantage of an exception provided for in the supply code, which, under certain conditions, permits supply contracts with a duration of less than one year.