RAE, the Regulatory Authority for Energy, is considering reducing the public service compensation (YKO) rate imposed on nighttime electricity consumption as a corrective measure but sees no leeway for such a reduction concerning regular hours.
YKO rates for nighttime electricity consumption have been equated with daytime rates since January 1, 2018.
This has significantly increased electricity costs for consumers delaying their usage of high-energy appliances, including washing machines, for later in the evening, when electricity tariffs are lower.
Prior to last year’s change, a flat YKO rate of 0.00889 euro was applied to all levels of nighttime electricity consumption. However, the nighttime surcharge rate was then equated with existing daytime rates, these being 0.00690 euro for electricity consumption between 0 and 1,600 KWh, 0.05 euro for consumption between 1,601 and 2,000 KWh and 0.085 euros for consumption over 2,001 KWh.
According to sources, RAE is examining the prospect of reducing the latter YKO rate for nighttime electricity consumption of more than 2,001 KWh. The energy ministry will need to make a legislative revision if this corrective measure is to be implemented.
Data concerning a RES-supporting ETMEAR surcharge included on electricity bills is still being processed, RAE officials informed.