ECONOMY

RAE comes up with way to halt rise in expired debts

rae-comes-up-with-way-to-halt-rise-in-expired-debts

The Regulatory Authority for Energy (RAE) recommends limiting the number of times consumers can change power supplier to put a stop to the rise in debts from unpaid electricity bills.

The RAE plan, which was put up for pubic consultation on Wednesday, is the outcome of a demand to that effect by the Public Power Corporation, which is currently owed 2 billion euros in expired debts. A large part of that amount is owed by consumers who have chosen to avoid paying their dues to PPC by switching to alternative power suppliers.

One of RAE’s three proposals is for consumers with expired debts to a company to be blocked from changing to a new one until they settle.

Once the consultation is over, on November 2, RAE will make its final proposals to the Energy Ministry.