Economics of regulation

This is the largest privatisation that has taken place in Greece

Brussels – Commenting on the new government regulation on the Slovenian Press Agency (STA), the European Commission has said that it expects swift solutions to unblock the agency’s funding, noting such solutions should completely preserve the STA’s autonomy. It should be checked whether the regulation is in line with existing acts governing the STA, it added.

The Government will modify the electricity and natural gas law after January 15, Energy Minister Virgil Popescu said on Tuesday, to establish exactly how the liberalization of the market will take place. "They have a regulated customer base of 6 million for which they never paid.

The National Energy Regulatory Authority (ANRE) has extended until March 31, 2021 the deadline until which household consumers can conclude energy supply contracts on the competitive market, ANRE vice president Zoltan Nagy-Bege told AGERPRES on Monday.

The wholesale electricity market has not been running smoothly and authorities are concerned that exorbitant price rises may find their way onto consumers' bills.

A month after the so-called "target model" to determine wholesale electricity prices was introduced in Greece, prices have more than tripled, prompting the Energy Regulatory Authority (RAE) to intervene.

Public Power Corporation (PPC) has just launched its double-play offerings to domestic and professional customers, penetrating the natural gas market for their first time.

An average of 15 percent will increase household electricity prices if the energy regulator approves CEZ's proposal to increase the cost of electricity. The opinion expressed to Darik the energy expert and member of the strategic council to President Elenko Bozhkov.
 

There is no reason to claim that there will be a 15-20% increase in people's electricity bills from July 1, Chairman of the Energy and Water Regulatory Commission (KEVR) Ivan Ivanov said during a press briefing, Focus News Agency reports.

Greek truck drivers staged a demonstration on Saturday at the Afidnes toll gates near Athens. Around 500 vehicles were parked along the side of the national highway by truck drivers who are complaining about the impact of the country's financial crisis on their sector.

Rasim Ljajic says the state will have to "at some point" annul a government regulation protecting the price of bread made with type-500 flour.

The minister of trade, tourism and telecommunications told Tanjug that such a recommendation has arrived from the European Commission "on several occasions."