RES market operator DAPEEP projects, based on its calculations, a monthly deficit of between 30 and 35 million euros for the RES special account, which if sustained through 2023, will result in an end-of-year deficit in excess of 200 million euros.
This unfavorable prospect has troubled RAE, the Regulatory Authority for Energy, which, according to sources, expressed its concerns to the energy ministry and DAPEEP, requesting both to consider taking measures.
RAE has asked the ministry for an update on whether it intends to make any revisions that could boost the RES special account’s revenue, such as raising a recently implemented price cap on older RES units (85 euros per MWh) or carving out a greater share of CO2 emission right auction fees for the RES special account.
This information will enable RAE to decide if a RES-supporting ETMEAR surcharge included in electricity bills will need to be increased. RAE is required to decide on the ETMEAR level by the end of the year.