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Repeated increases of the electricity prices affect distribution operators and last resort suppliers, says ACUE

The Federation of Associations of Energy Utility Companies (ACUE) appreciates and supports the initiative of the competent authorities to analyse the current situation of the centralized energy markets and of the way in which transactions were conducted in the last period on these platforms, a press release shows.

2017-02-02 14:48:54

"Excessive and repeated increases of the electricity prices traded on centralized markets, as well as the numerous notices of termination of energy supply contracts made on centralized platforms affect both the electricity distribution operators and the last resort suppliers," representatives of ACUE say.

ACUE members believe that the analysis of the authorities regarding the way the electricity markets are functioning should be carried out quickly and should include, in addition to transactions on these platforms, an analysis of the available production capacity and of the activity of the suppliers who terminated contracts during this period.

"Not honouring the contracts combined with a massive increase of the energy prices traded on Day Ahead Market (DAM) and on Balancing Market (BM) is likely to affect the electricity supply to households and to non-household beneficiaries of the universal service," according to the press release.

ACUE members are to take all the necessary measures to diminish the impact on the consumers generated by the current situation and believe that urgent action is needed to identify the measures to prevent the repetition of similar situations so that the consumers can continue to have reasonable and predictable prices for electricity.



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