RAE, the Regulatory Authority for Energy, has proposed a legislative revision that would facilitate a return of 67 million euros, by electricity producers – expect RES producers – to suppliers, an amount representing unpaid balancing-market earnings between November, 2020 and February, 2021, during the launch of the target model.
The amounts that would be returned to suppliers concern two categories, companies that had passed on excessive costs to customers, as well as companies that had not passed on excessive costs to their customers.
According to information obtained by energypress, two retailers, power utility PPC and Volterra, had not passed on excessive costs to their customers. In this case, money to be returned will go straight into the company coffers of these two firms.
Returns for companies that had passed on excessive costs to customers will be injected into the Energy Transition Fund as support for subsidies offered to consumers.