Financing of the Regulatory Commission is provided through the annual fees from the energy undertakings, licensees for performing one or more energy activities and one-off fees for licensees, it issues.
The Regulator activity may be financed also by donations on the non-returnable basis of foreign governmental and non-governmental institutions.
RegulatoryCommission submits the budget proposal to the National Assembly of Republic of Srpska for adoption, before the budget year starts. Regulator also informs the same institution about its work at least once a year.
Annual financial reports about the Regulatory Commission activities are prepared in accordance with the international accounting standards and have to be revised by an independent auditor.
