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May 29 2017
Previously, the OLMC's role had been carried out by the operator of the high and medium-voltage electricity distribution grid (EDP Distribuição – Energia, SA) for the electricity sector and the operator of the national natural gas transmission grid (REN – Gasodutos, SA) for the natural gas sector.
Under Decree-Law 38/2017, the Energy Agency (ADENE) will be responsible for overseeing the process of switching electricity and natural gas suppliers.
The OLMC will be responsible for ensuring that consumers can:
In future, the OLMC's activity may also include:
The OLMC's creation derives from the belief that in a liberalised energy market, switching procedures should be simplified and consumers, suppliers, grid operators and market participants should have access to clear and comparable information on consumption, tariffs and prices and contractual conditions.
As per Decree-Law 38/2017, the Energy Services Regulatory Entity (ERSE) is tasked with replacing the existing regulations for the management of switching supplier procedures in the electricity and natural gas sectors with new regulations in line with the decree-law by May 31 2017. It will be responsible for monitoring and supervising their application.
Pursuant to Decree-Law 38/2017, entities that previously carried out activities that the OLMC will undertake must, within 60 days from the date on which ADENE so requests:
For further information on this topic please contact Catarina Brito Ferreira or Helder M Mourato at Morais Leitão Galvão Teles Soares da Silva & Associados by telephone (+351 21 381 74 57) or email (email@example.com or firstname.lastname@example.org). The Morais Leitão Galvão Teles Soares da Silva & Associados website can be accessed at www.mlgts.pt.
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