Upper limit to be set for electricity bill fixed charges

The energy ministry is set to implement a measure designed to reduce higher fixed charges announced by electricity suppliers for August.

According to sources, the measure, which is imminent, will forbid suppliers from setting fixed charges that are higher than those included in electricity bills all the way up to July 4, when the government introduced a series of energy-crisis measures.

It implemented price caps for the wholesale electricity market and abolished wholesale-price adjustment clauses in electricity bills, amongst other measures.

In response, electricity suppliers opted to increase their fixed charges as a means of keeping their tariffs – the competitive aspect of electricity bills – as low as possible.

The new measure limiting the level of fixed charges will force suppliers to increase their tariffs, market officials have noted.