Energy authority decides to lower 'monopoly' charges
- Written by E.Tsiliopoulos
Greece's independent Regulatory Authority for Energy (RAE) on Monday announced plans to significantly reduce electricity rates in 2016 by reducing so-called "monopoly" charges.
These include fees consumers are charged for use of the electricity grid and a tax (ETMEAR) raised to subsidise power production using renewable energy sources. According to RAE, there will be a 5.4 pct reduction in the ETMEAR charge as of January 1, as well as a discounts for the fees that businesses are charged for use of the grid. Distribution charges for households will remain at the same level as in 2015.
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