Changes to regulation to suspend readjustment clause, suppliers ask

Changes to the legislative regulation for the suspension of the readjustment clause are requested by the Association of Energy Suppliers (ESPEN) in a letter to the leadership of the Ministry of Environment and Energy.

On the occasion of the postponement of the deadline for announcing the electricity tariffs that will apply in August, to July 25 (instead of July 10), which was announced last week, ESPEN recommends that the same deadline be established for the entire duration of the suspension measure (25th of the previous month) before the month of application. “Invoicing end customers based on forecasted prices actually increases final supply invoices due to the very high risk premium. This arrangement will result in a relative reduction in risk premium, as forecasting a few days before the month of implementation can to be more accurate and secure,” says the Association.

“This proposed amendment, he adds, does not deprive the consumer of his right to a preliminary assessment of his costs to meet his energy needs and to change Supplier since according to the Manual of Meter Representation and Periodic Settlement the change of representation ( change of supplier), is implemented within two days of the submission of the declaration of representation.

In addition, the more accurate forecast of the costs of the necessary energy products by the Suppliers, facilitates the proper management of the Energy Transition Fund resources so that it is not necessary to commit large sums to cover the energy costs from the state budget. Therefore, this amendment works in everyone’s interest.”

ESPEN states, however, that “in the event that floating tariffs were applied on the basis of accounting wholesale prices, on the one hand, the additional cost of the risk premium is avoided, and on the other hand, the amounts directed to subsidizing consumers can be managed much better”.