RAE: Higher electricity prices will not affect the increase in the cost of living

The Energy Regulatory Agency (RAE) acted in accordance with the law when making the decision on the increase in electricity prices, and, according to its representatives, the increase in electricity prices cannot significantly affect the increase in the cost of living. The RAE told the Mina-business agency that when consideration of the request of Elektroprivreda (EPCG) to increase its regulatory allowed income, and therefore to approve higher electricity prices, took care of energy entities and customers, i.e. consumers. medium-sized enterprises, as well as for all consumers, which was supposed to be a stimulus for the economy", said the RAE. The amendment of the Decision on the approval of the regulatory allowed income, prices and tariffs of EPCG refers to the change of the allowed income in the current period in which, as explained by the RAE, the previously approved regulatory income was not realized due to the increase in business costs. "According to the regulations, the agency is obliged to compensate the energy entity for the regulatory allowed income, because the reduction was not caused by the error of the energy entity", RAE reminded. January was postponed until April, the RAE responded that the regulator has no legal right to postpone the implementation of the decision, while its legality can only be examined before the competent court. Commenting on the citizens' request from Saturday's protest that RAE members should resign due to the increase in electricity prices, the Agency said that they answer to the parliament for their work, through the review of annual reports. received significant support for its work, and during the discussion, progress in the work was noted", said the RAE. The RAE Board is elected by the parliament and, as they state, only it has the right to decide on the termination of the RAE Board members' duties, which is prescribed by the Energy Act , according to which the dismissal of a member of the Board can be proposed to the Assembly by the Government or one-third of the members of the Assembly. from that institution. RAE representatives claim that they worked impartially, as well as that based on the facts and in the spirit of the Law on Energy, they made the decision to raise the price of electricity.