The Greek energy regulator RAEEY has approved an increase in network loss indices, which will lead to higher electricity bills for consumers once implemented.
With this adjustment, the amount recovered through electricity bills will rise, reflecting the increase in network losses and the associated costs. The revised indices are set to take effect in two months. The current rates, established by a previous RAEEY decision, have been in place since July 2022.
This change follows a recommendation from the electricity distribution network operator DEDDIE, which reported a rise in overall network losses. Based on this assessment, RAEEY approved the new loss indices.
Under the 2022 framework, the existing loss index for low voltage is 1.1357 but will increase to 1.1619, meaning losses will rise from 13.57 to 16.19 percent, an increase of about 19 percent. Similarly, the medium-voltage loss index will rise from 1.0367 to 1.0459, increasing losses from 3.67 to 4.59 percent, a jump of approximately 25 percent.
For consumers, this adjustment means higher costs. Under the new rates, for every 100 kWh of electricity supplied, billing will be based on 116.19 kWh instead of the current 113.57 kWh, effectively raising expenses.
On the other hand, the adjustment will reduce the retroactive charges suppliers face when final settlements are made by the operator, potentially easing some indirect cost burdens on customers.
