RAE, the Regulatory Authority for Energy, is developing a market monitoring tool for the retail electricity market, to enable more effective monitoring of actions by suppliers.

According to sources, this mechanism, to monitor the pricing policies of electricity suppliers, including their discount policies, as well as clause activation, should be ready by April.

RAE officials informed energy minister Kostas Skrekas, at a recent meeting, on the details and progress of the retail market monitoring tool currently being developed.

During the session, the RAE officials also updated the energy minister on the wholesale electricity market’s course, basing their findings on a monitoring tool designed for the wholesale market.

According to sources, no attempts, by producers, at market manipulation or other distortions have been identified to date. The reports presented to the minister covered the month of January.