Four types of retail electricity products proposed by RAAEY, the Regulatory Authority for Waste, Energy and Water, including two with variable tariffs, generally cover all options that have been made available to consumers until now but will, to a certain degree, restrict the development of new products, electricity suppliers have told energypress.

RAAEY has just forwarded its package of electricity products for consultation, a procedure to be completed on June 19. The authority plans to launch the new tariff categories on October 1, when emergency energy-crisis measures are planned to be withdrawn.

Suppliers, in their comments to energypress, admitted the authority’s four types of electricity tariffs proposed will offer greater transparency for consumers but result in an overregulated market of standardized and homogenized products.

Suppliers also made note of strict specifications attached to the two types of variable tariffs.

Certain suppliers also complained that the new measures will significantly increase their workload for an additional cost which they will be expected to shoulder.