APPLICABLE RATE IN LIEU OF THE PROXY FOR THE MARKET PRICE REGULATIONS

APPLICABLE RATE IN LIEU OF THE PROXY FOR THE

MARKET PRICE

SUBSIDIARY LEGISLATION 545.40

APPLICABLE RATE IN LIEU OF THE PROXY FOR

THE MARKET PRICE REGULATIONS

1st January, 2023

LEGAL NOTICE 63 of 2023.

(1)

The title of these regulations is the Applicable

Rate in lieu of the Proxy for the Market Price Regulations.

(2)

The scope of these regulations is to determine the rate to

be paid by the distribution system operator in lieu of the proxy for the

market price for the year 2023 in view of the international energy

crisis due to the Ukraine conflict.

The definitions in the Regulator for Energy and Water

Services Act and in the Electricity Regulations shall apply.

The rate to be paid by the distribution system operator in

lieu of the proxy for the market price for the year 2023 shall be of eight

cents and eighty-five mils (€0.08,85) per kWh.