Suppliers asked to recheck, substantiate tariffs for August

The country’s electricity suppliers have been ordered, by RAE, the Regulatory Authority for Energy, to provide by midday today, data proving that tariffs they announced for August are cost-effective, entirely legal and do not seek to circumvent the law through trickery.

The country’s electricity suppliers announced their tariff levels for August on Monday. From now on, they will be required to announce, on a monthly basis, their prices for the next month by the 20th day of the preceding month.

The latest RAE request may require some of electricity suppliers to recalculate their charges and tiered tariffs.

RAE, in a letter, has asked the country’s suppliers to substantiate the tariff levels they announced on Monday with detailed data.