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New player enters Slovakia's electricity market

A new electricity distributor, Slovenská energetická, a.s., has entered the Slovak energy market.

A new electricity distributor, Slovenská energetická, a.s., has entered the Slovak energy market.

Its marketing director Silvester Cintula told a news conference on September 3 that the company intended to sell electricity to households, companies and businesses all over Slovakia. "We want to compete with traditional electricity distributors such as the Západoslovenská Energetika, Východoslovenská Energetika or Stredoslovenska Energetika," he told the SITA newswire.

Slovenská Energetická said it wants to offer electricity to households at a price at least 10 percent lower than traditional distributors. Cintula explained that it would do this by what he called effective management of costs. The company’s marketing director said it would consider a one-percent market share by the end of the year as a success. Slovenská Energetická was established in August this year, with share capital of €100,000. Its shareholders are private individuals based in Slovakia.

Compiled by Zuzana Vilikovská from press reports
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