RAE, the Regulatory Authority for Energy, looking for ways to ease the cashflow pressure felt by electricity suppliers in the energy crisis, is considering to reduce the level of guarantees they need to forward to the country’s operators – power grid operator IPTO, RES market operator DAPEEP, and distribution network operator DEDDIE/HEDNO – by revising a formula that determines these guarantee amounts.
However, certain independent, non-vertically integrated electricity suppliers remain apprehensive, fearing such a move could ultimately further increase the market strength of bigger rivals and push smaller players further aside.
At this stage, RAE is involved in talks with the market operators in an effort to determine if leeway exists for a reduction of the guarantees provided by suppliers.
RAE’s Aggeliki Mourtzikou, Director of the Wholesale Energy Markets Department, told the recent energypress Power and Gas Forum that the authority is moving carefully so that any intervention does not result in the creation of deficit figures whose side effects in the market could outweigh any short-term benefits concerning supplier cashflows.
The number of consumers seeking installment-based payment arrangements for energy bills has risen sharply, severely impacting the cashflow of suppliers.