Supplier surcharge, back to normal levels, still unpredictable

Following sharp rises during the recent energy crisis that caused unrest among electricity suppliers, an electricity supplier surcharge appears to have returned to normal, or levels estimated by a study conducted by the Aristotle University of Thessaloniki.

RAE, the Regulatory Authority for Energy, needed to intervene and set an upper limit of 15 euros per MWh.

In February, the electricity supplier surcharge, which is revised weekly, began at 11.30 euros per MWh in the first week before gradually dropping to levels of 10.63 euros per MWh, 9.08 euros per MWh, 6.27 euros per MWh and 2.90 euros per MWh.

February ended with a supplier surcharge average of 8.83 euros per MWh. Had the upper limit not been imposed by the authority, its average would have reached 24.32 euros per MWh.

Prior to the upper limit’s implementation, the supplier surcharge reached extraordinary levels amid the winter’s energy crisis as both domestic energy supply and export needs were stretched to their limits.

Despite the overall sense of a return to normality, the ongoing fluctuation of electricity supply surcharge levels, albeit at lower levels, has kept electricity suppliers on edge. The surcharge variations are preventing independent electricity suppliers, seeking to gain ground in a market still dominated by the main power utility PPC, from pursuing pricing policies with full confidence.