An amendment submitted to the draft law of the Ministry of Environment and Energy for the modernization of the licensing process of RES projects, provides for the abolition of the adjustment clause in floating electricity supply tariffs.
The legislation provides the following:
· By July 10, the electricity supply companies will have to post on their website the prices that will be valid from the 1st of August. Bills to be issued in August will not include an adjustment clause.
· Consumers are given the opportunity to change provider without compensation, without having to pay a penalty due to early departure.
· For the better information of the consumers and the enhancement of the transparency, the electricity supply companies are obliged to announce every month in a visible place on their website the electricity supply charges that will be valid in their tariffs for the next month.
This way consumers will have enough time to look for cheaper tariffs and change providers if they wish.
· The electricity supply companies are obliged to indicate in the printed and electronic bills, in a visible place next to the amount payable, the amount of the subsidy from the Energy Transition Fund (TEM).
The same draft law also includes the institutional intervention in the wholesale electricity market, with the establishment of a mechanism for recovering the profitable revenues of electricity generators. The mechanism applies from July 2022 to June 1, 2023 and disconnects the high prices in the wholesale gas market from the electricity prices:
Particularly:
· Compensation ceilings are set for electricity generation units, based on their actual operating costs.
· The difference between the stock market price and the compensation that will be determined by a decision of the Minister of Environment and Energy, will be committed in favor of TEM and will be used to subsidize the household and professional electricity and gas bills.
From 1 July, with the new institutional intervention in the electricity market, the following is absorbed:
· Vulnerable consumers entitled to a Social Housing Invoice (approximately 500,000 households) 100% of the increase.
· In all household tariffs up to 85% of the increase.
· In 1.25 million small and medium enterprises, 82% of the increase.
· Farmers and agricultural tariffs up to 90% of the increase.
Source: Capital
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