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Electricity
23/09/2021
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RAE checks with Brussels on balancing cost reimbursement

RAE, the Regulatory Authority for Energy, is considering to facilitate a return to electricity suppliers, the RES special account and industrial consumers of amounts linked to increased balancing costs for a period until restrictive measures were imposed by the authority.

But, before taking any action, the authority has submitted an enquiry to the European Commission to ensure that such an initiative would not contravene EU electricity market regulations.

The response from Brussels is expected to offer RAE clarity as to whether it can move ahead with a reimbursement plan for affected groups for a period covering the launch of the target model just under a year ago to the ensuing restrictive measures imposed by RAE to counter increased balancing costs.

 

 

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