RAE is in the process of obtaining and verifying the data for the determination of the extraordinary contribution on the conjunctural “windfall profits” in the energy market, the Authority states in its announcement tonight.
In determining the extraordinary levy on these profits, the following elements will be taken into account, inter alia:
* The final amount received by the production units after the settlement of the debt credits, which arise in the context of their participation in the Next Day Market, the Intraday Market and the Balancing Market.
* The operating costs of the production units based on the variable cost account, as it results from the actual charge level of each unit, by the Supervisory Control and Data Acquisition Systems (SCADA) system of IPTO.
* The financial results per activity, sent to RAE by the participants in the electricity and gas market.
* The results will be summed by production unit and reference month.
* Past elements of the electricity and gas market.
* The examination period for the existence of conjunctural “skyrocketing” profits, starts from October 2021.
In addition, RAE, in the framework of the mechanism for monitoring the wholesale electricity market, collects:
1. data of debtors of the participants from their activity in the Next Day Market, the Intraday Market and the Balancing Market,
2. pricing data for the supply of natural gas per participant-producer of electricity,
3. pricing data for gas import, publishing the weighted average gas import price each month.
Finally, RAE notes that it is considering formulating a proposal to the European agency ACER for a dynamic way of returning “skyrocketing” profits to the standards of mature American electricity markets.
Source: Capital
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