It plays a crucial role in setting electricity tariffs, promoting renewable energy, and encouraging private power production.
The Authority also sets economic arrangements for license holders and private entrepreneurs, promoting competition and streamlining consumption in the electricity market.
The department examines the effect of extreme scenarios on the profitability and financial resilience of the vital utility provider and the private electricity producers and monitors their financing costs and risks.
The department also acts to consolidate financing-supporting regulations and standards and to deal with existing barriers to financing, and accompanies financial closing processes on behalf of the Authority.
The department is charged with analyzing the financial reports of the power producers through matching the records to the rate structure set by the Authority, including the implementation of streamlining coefficients.
The department is charged with the reliability and quality of the electric power supply, and gathers the amalgam of service-oriented aspect having to do with reliable supply and quality of electricity, including the area of connections, shortage policy, development policy at the execution level, self-initiated works, the issue of historical distributors, smart counting and smart grid.
The department's activity focuses on environmental consequences to operations in the electricity market, promotion of renewable energy policies, analyzing economic costs and the ways to integrate them.