ARENH Rights Reciprocity Coefficient for 2023

The ARENH Rights Reciprocity Coefficient is due to stay level for 2023.

Following the CRE (Comission of Energy Regulation) decision published on August 4th 2022, which aimed to modify the way ARENH Rights are calculated starting in 2023 (see NUS’ August 10th Flash), the government opted in the end to inform the CRE in a letter drafted on September 26th that the reciprocity coefficient would be maintained at its existing level of 0.964 for deliveries in calendar year 2023.

As a reminder, a law had been drafted pursuant to lower the coefficient from 0.964 to 0.819 from January 1st 2023.

The news that this coefficient would be maintained will grant the market more visibility while stakeholders await a larger decision from the government about the ARENH ceiling & price.