Electricity: End of the adjustment clause from the 1st of August

The non-application of the adjustment clause in the fluctuating electricity tariffs from August 1, 2022 to July 1, 2023 is provided by an amendment submitted to the Parliament by the Ministry of Environment and Energy.

The “freeze” in the adjustment clause comes as a result of the operation of the new intervention mechanism for electricity prices, which enters into force on July 1.

The regulation is included in an amendment submitted on Friday night to the draft law of RIS on the modernization of the licensing process for Renewable Energy Sources.

For 11 months from the 1st of August, “no adjustment clause or corresponding clause is applied to the floating electricity supply tariffs, which is associated with the fluctuation of the wholesale market, whether they are invoices with a distinct indication of the above clause without the above clause. indication of this “, it is typically mentioned.

As long as the adjustment clause is abolished, the electricity suppliers will announce on a monthly basis and in a visible place on their website, until the end of the second month (M-2) before the month of application (M), the fixed charges and electricity supply charges for the power and energy component.

All customers will be able to choose another type of electricity supply invoice, upon their declaration to the supplier or request for supply, if they do not have a valid supply contract.

The change of supplier or supply invoice, as a result of the change of supply charges under the respective announcement of a new charge, will be made without compensation for the customers and will not imply a right of compensation of the supplier due to early departure “.

More specifically, the amendment states:

“For the consumption of electricity from 1 August 2022 to 1 July 2023, there is no charge for an adjustment clause or a corresponding clause, which is associated with the fluctuation of sizes of the wholesale market, whether it is a The period of validity of the first subparagraph may be extended by decision of the Minister of Environment and Energy or expire before 1 July 2023, provided that the temporary Revenue Recovery Mechanism of the Next Day Market is not maintained in force. article 12A of law 4425/2016 (A ‘185).

2. Electricity suppliers shall announce on a monthly basis and in a visible place on their website, until the end of the second month (M-2) before the month of application (M), the fixed charges and the electricity supply charges for the strand power and energy applied to the supply tariffs of par. 1.

3. All Customers may choose another type of electricity supply invoice, upon declaration to the supplier or request for supply, if they do not have a valid supply contract.

4. For the application of this and throughout its validity

(a) The change of supplier or supply invoice, as a result of the change of supply charges under the respective announcement of par. 2, is made free of charge for the customers and does not imply a right of compensation of the supplier due to early departure.

(b) Article 30 of the Code of Electricity Supply to Customers (Β ‘832/2013) does not apply regarding the time, the obligation of individual information of the customers and the entry into force of the amendment of the electricity supply contract. Specifically for the first implementation period, the announcement of electricity supply charges is made until 10P July 2022.

(c) The electricity consumption bills, as well as the settlement bills, which are issued after the entry into force of this, reflect in a special field kol with a relevant note the charges of the adjustment clause or corresponding charge according to par. 1, which concern the consumption period. before August 1, 2022.

(d) In the consumption accounts are recorded (da) in a visible point all the commission charges of par. 2 that have been announced until the issuance of the invoice and (db) separately and at a distance of two centimeters from the entry of the final amount payable, with the same size of characters used, color and background, the subsidy provided by resources of the Special Account “Energy Transition Fund” of par. 3 of article sixty-first of law 4839/2021 (A ‘181).

(e) In each informative message of the Suppliers to their customers, electronic or printed, the subsidy provided from the resources of the Special Account “Energy Transition Fund” of par. 3 of article sixty-first of law 4839/2021 near the final amount payable.

5. The Energy Regulatory Authority (RAE) monitors the implementation of the present, in particular as regards the formation of prices, the conditions of competition and the smooth operation of the markets, as well as the occurrence of abusive practices. If it finds relevant violations, it applies the procedures and imposes the sanctions of article 36 of law 4001/2011 (A ‘179) “.