The Ministry of Environment, Energy and Climate Change has decided to cut DEI’s turnover for 2013 from households and small businesses by 200 million euros, restricting the Regulatory Authority for Energy’s proposals at the same time.

The ministry decided upon the cuts claiming a need to protect customers and that DEI had reduced their operating costs. Next week the ministry is expected to announce the final changes to the state power company’s tariffs, as well as the time-frame within which these changes will occur. Incremental increases are to take place in January, March and July.

The RAE has already decided on the changes for monopoly activities regarding the use of networks in 2013, which are reduced by 7% for households, between 7% and 5% for small businesses and 1.5% – 11% for large businesses. The charge for sources of renewable energy, although expected to increase, has no yet been determined