Retail electricity tariffs (final tariffs) are the prices that the consumer has to pay for the service received. They should be simple, transparent and non-discriminatory.
The purpose of the tariffs is:
- Coverage of reasonable expenses;
- Promoting the efficient use of electricity;
- Improving the quality of electricity service;
They must maintain economic signals and ensure sustainability and stability.
In the regulated market, the final tariffs consist of the set of prices that the Universal Service Providers charge to the final customers and consist of the costs of purchasing electricity, transmission and distribution network services, and the supplier's costs for providing standard services.
Regulated tariffs are determined in accordance with primary and secondary legislation and are subject to approval by the Electricity Regulator. In a regular tariff review process, electricity tariffs are set before each relevant tariff year (April 1-March 31).
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