Parliament adopted the amendments to the Energy Act, which provide for full liberalization of the wholesale electricity market by the end of the year. Regulated electricity prices for residential consumers will stay in place until 2026.
The amendments terminate the role of the public supplier National Electricity Company (NEK) and abolish producer quotas for the regulated market. The bill provides that end-user energy suppliers, as universal service providers, are obliged to supply households and that households are not obliged to change their supplier.
During the transitional period, end-user energy suppliers will supply households at regulated prices. The bill provides for an option to compensate households for the costs of purchasing electricity within the regulatory process until 2026.