Slovakia is preparing a series of steps against expensive energy, and is also considering capping prices

Slovakia is preparing a series of steps against expensive energy, and is also considering capping prices
Slovakia is preparing a series of steps against expensive energy, and is also considering capping prices

Bratislava – Slovakia is preparing a system of compensations and other measures against the significant increase in the price of energy for households, it is also considering so-called price ceilings along with a program to help certain groups of consumers, including businesses. State Secretary of the Ministry of Economy Karol Galek told journalists after today’s extraordinary meeting of the government.

In the case of natural gas, the Ministry of Economy proposed to use cheap gas, which has been stored in storage tanks for a long time, to supply households. Galek estimated that households will pay 30 to 40 percent more for gas. “It may seem too much to some, but the price in the markets has risen 12 to 15 times,” he said.

Another proposal envisages compensation for families in connection with heat prices. The state had previously agreed with the private shareholder of the country’s largest electricity producer, Slovenské elektrárne, that the company would deliver part of its production at a significantly lower than market price. “The price of the commodity for all households will be capped for next year and 2024,” Galek said about electricity prices. According to earlier information, this low price will only apply to 85 percent of the families’ previous consumption.

On the other hand, Finance Minister Igor Matovič estimated in front of journalists that families are at risk of significantly higher electricity prices.

Bratislava is also considering introducing a ceiling on electricity and gas prices for businesses and other customer groups. It is also exploring the possibility of providing compensation to businesses. The President of the European Commission, Ursula von der Leyen, also said today that the EU should cap the price of gas transported by pipeline from Russia.

According to Galek, Slovakia will also strive to be able to finance the costs of compensating high energy prices from an unspent package of money in European funds.

Some members of the government, including Matovič, criticized the Ministry of Economy for not having prepared the measures sufficiently and in time. Economy Minister Richard Sulík resigned last week in connection with the government crisis and the possible departure of his Svoboda a Solidarita party to the opposition.

EU Slovakia energy government

The article is in Czech

Tags: Slovakia preparing series steps expensive energy capping prices

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