water management

Final touches added to draft bill for RAE’s expanded role

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Final touches are now being added to a draft bill concerning the new administrative structure at RAE, the Regulatory Authority for Energy, set to assume expanded executive powers also giving the authority water and waste management duties.

The authority will be renamed RAAEY, or the Regulatory Authority for Waste, Energy and Water. Its expanded role will facilitate the country’s eligibility for EU Recovery and Resilience Facility (RRF) funds.

Three new divisions will be created as part of the authority’s expansion, each supervising its respective sector. These divisions, all of which will remain under the control of the expanded RAAEY authority, will each consist of a vice chairman and three or – based on a latest proposal – four committee members.

Also, a main board to be headed by the RAAEY president will include the three vice presidents of each division as well as their committee members.

RAE’s current president Athanasios Dagoumas will hold the vice chairman’s position of the energy division during the authority’s transition from RAE to RAAEY. He is also a candidate for RAAEY’s presidency, a political decision to be decided on at a latter date.

Also, RAE’s current board members will be given the opportunity to occupy posts at either the water or waste management divisions.

Expanded RAE role to bring about administrative changes

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A prospective expansion of the executive powers at RAE, the Regulatory Authority for Energy, to result in the addition of water and waste management duties, will bring about administrative changes at the authority, which will be renamed RAAEY, or the Regulatory Authority for Waste, Energy and Water.

Three new divisions will be created as part of the authority’s expansion, each supervising its respective sector. These divisions, all under the control of the expanded authority, will each consist of a vice chairman and three members.

Also, a main board will be comprised of 13 members, chaired by the RAAEY president.

The energy ministry plans to soon stage a consultation procedure for a draft bill concerning the authority’s expanded role.

RAE’s expanded role will facilitate the country’s eligibility for EU Recovery and Resilience Facility (RRF) funds.

Brussels reiterates call for single energy, water authority

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The European Commission has reiterated, in latest contact with the energy and environment ministry, a recommendation for the establishment of a single Regulatory Authority for Energy and Water as an independent monitoring body with a broadened task range, including regulation of rules for investments, management and pricing of water, especially drinking water, energypress sources have informed.

This time around, the recommendations by Brussels come as part of a strategy promoting the development of a circular economy and sustainable growth.

The European Commission was prompted to readdress the issue as it believes the existence of 120 or so municipal water supply and sewerage companies around the country – each applying their own and inexplicable, to a certain extent, pricing policies – does not contribute to rational water management.

Single regulatory authorities supervising the energy and water sectors have already been established in many EU member states, including neighboring Italy.

This country’s initiative was discussed, among other topics, at a meeting yesterday between energy minister Kostas Skrekas and Italy’s Ambassador to Greece, Patrizia Falcinelli, sources noted.

The establishment, in Italy, of a single regulatory authority for energy, water and wastewater has led to impressive social and economic benefits, the Italian diplomat is believed to have informed the Greek minister during their meeting.

The energy ministry is reportedly working on a plan designed to broaden the tasks of RAE, the Regulatory Authority for Energy, sources informed, stressing finalized decisions had yet to be taken.