RAE, the Regulatory Authority for Energy, has informed the country’s electricity suppliers it plans to start publishing monthly reports listing suppliers who do not owe electricity-bill surcharge amounts to operators as well as suppliers who owe such amounts but have reached settlement arrangements through installment programs.
Electricity suppliers were informed of this initiative, based on a RAE board decision reached on February 10, in a letter forwarded by the authority.
Through this initiative, RAE aims to pressure electricity suppliers into relaying electricity-bill surcharges to operators on time.
A number of electricity suppliers have fallen behind on these surcharge relays, which highlights the growing pressure faced by the energy market, as a whole, amid the energy crisis. Cashflow has tightened up for suppliers, facing steep wholesale prices, and an increased number of consumers are struggling to meet energy bills.
The situation has officials worried that a new wave of unpaid receivables is in development.
Certain electricity suppliers and market officials have reacted against the RAE measure, noting it will create far bigger problems rather than the ones it seeks to resolve.