Economy Ministry wants final say on price regulation

ECONOMY Minister Lubomír Jahnátek has prepared a revision to the Act on Regulation which would give the ministry the final say on the regulation of prices that are currently set by the ÚRSO market regulator, the Pravda daily wrote.

According to the draft revision, which the ministry has already submitted for interdepartmental review, even if the ÚRSO approved a price hike for electricity, for instance, the increase would not take place if the Economy Ministry disagreed with it.

The draft makes the ministry’s decision on a given proposal binding for the ÚRSO.

Should the revision be approved, it would be a step backward on regulation in Slovakia, which the previous government transferred to the independent ÚRSO authority in the belief that politicians should not interfere with energy prices.

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