RAAEY, the Regulatory Authority for Waste, Energy and Water, has decided to prepare guidelines on new green tariffs, set to be introduced January 1, for the country’s electricity suppliers in order to clear up certain ambiguities that have arisen.

Electricity supply company representatives raised a series of questions regarding the implementation of new tariffs during a teleconference with RAAEY yesterday. Energy ministry officials also took part.

One of the ambiguities identified during yesterday’s session concerns the type of discounts electricity retailers will be permitted to offer to consumers and the timing of their announcements.

Another issue raised by suppliers during yesterday’s teleconference concerns how tariff charges will be required to be imposed should customers with existing supply agreements request to continue with their existing agreements as of January, 2024, when the green tariffs will be introduced.

The new green tariff will be introduced January 1 and be implemented automatically, for all consumers, unless they formally object and choose variable tariffs, dubbed yellow tariffs.