RAAEY price comparison tool set for March 4 introduction

RAAEY, the Regulatory Authority for Waste, Energy and Water, is set to launch a price comparison platform (www.energycost.gr) on March 4, one of three new platforms to be introduced by the authority over the next few months in an effort to support household and businesses and promote energy-market transparency.

This platform will enable households and businesses to get a personalized picture on the level of charges for products they are interested in. Users will be able to enter their monthly consumption figures into the platform for tariff comparisons.

RAAEY’s ultimate goal is to enable users to change supplier through the platform should they spot an appealing tariff offer.

The www.energycost.gr platform’s introduction will be followed by a price-comparison tool focused on electromobility. Its launch is planned for April 1. It will list all charging stations, their geographical location, based on a GPS system, and their prices.

A third tool, expected to be introduced in June, will enable consumers to anonymously report possible market distortions or illegal behavior in energy markets. RAAEY will investigate reported cases and take action if necessary.