The level of electricity bill unpaid receivables is rising as a growing number of households and businesses struggle to keep up with extremely higher energy costs, a detrimental factor for the cash flows of suppliers, who, in turn, are finding it increasingly difficult to relay regulated fees – included in electricity bills – to the market operators.
A growing number of consumers are lodging complaints to RAE, the Regulatory Authority for Energy, over exorbitantly priced electricity bills they are encountering.
The government’s electricity subsidies being offered to consumers as energy-crisis support appear to be insufficient.
The vicious circle of events is challenging the energy market as a whole. In an effort to ease the overall pressure, the government intends to ratify legislation for the implementation of a price ceiling in the wholesale electricity market, but not until the European Commission makes an announcement covering the EU, expected next month.