After several months of negotiation, Greek Government and Greece’s creditors have agreed that the RES-supporting supplier surcharge will be gradually decreased to 50 % of its current level by 2020.
The supplier surcharge will remain a valid RES-supporting mechanism until 2020, despite strong objections by the country’s creditors in earlier bailout negotiations, but under the condition that it will be reduced and less varied, or more predictable for electricity suppliers. Therefore, supplier surcharge will be reduced by 25 % in this year. The agreed reduction of supplier surcharge is expected to silence the creditors’ request to increase ETMEAR surcharges, which are paid by end-consumers rather than suppliers, the move Greek officials strongly oppose.
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Tags: electricity, Greece, RAE, regulation, supplier surcharge