RAAEY, the Regulatory Authority for Waste, Energy and Water, has requested clarification from electricity suppliers on tariff details included in packages offered to consumers in order to ascertain that they comply with the relevant regulatory and statutory framework.

One of the authority’s concerns has to do with cases of differential pricing in accordance with consumption levels and whether this constitutes one tariff or two different types of tariffs.

Another ambiguity needing clarification concerns fixed costs being charged by suppliers. The authority is digging deeper into how these are defined by suppliers and charged each time.

In any case, the situation in the market seems to be levelling out, at least compared to a month ago, with companies increasingly adapting to new conditions created by a new color-coded tariff system introduced January 1 to improve the price-comparing ability of consumers.

Under the new system, suppliers offer green and yellow variable tariffs – the latter represent a lesser risk for suppliers as their levels are set at the end of each month – and fixed blue tariffs.