BUSINESS IN SHORT

Electricity prices to fall

END PRICES for electricity will fall by 3 percent for all consumers in Slovakia following a decision made by the Regulatory Office for Network Industries (ÚRSO) on April 15. The decision will take effect on the date it is delivery to individual regulated entities.

END PRICES for electricity will fall by 3 percent for all consumers in Slovakia following a decision made by the Regulatory Office for Network Industries (ÚRSO) on April 15. The decision will take effect on the date it is delivery to individual regulated entities.

“I believe that this reduction in the price of electricity will not be the last this year,” said ÚRSO chairman Jozef Holjenčík, as quoted by the TASR newswire.

ÚRSO focused on a reduction in the tariff for operating the system, which includes costs related to production of electricity from renewable energy sources and domestic coal, among other things.

“The steep rise of this tariff in 2010-12, which also had a significant effect on the end prices of electricity, was mainly due to renewable energy sources, especially photovoltaics and the investments therein,” Holjenčík said.

The state is making electric power cheaper for the second time this year. After a 3.3 percent decrease at the beginning of 2013, prices should fall again by 3 percent. This means about €3.80 per megawatt hour, for both households and companies. Households will hardly feel the difference; most of them will pay about €10 less annually, the Sme daily wrote.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

So blue! Slovakia has another record in UNESCO

It is not easy to create a perfect blueprinted fabric.

Russia expels Slovak military diplomat

He must leave the country within 48 hours.

Illustrative stock photo

Slovak airports have unused potential

But several obstacles prevent their growth.

The Transport Ministry will receive more funds from the 2019 budget to support the development of airports in Slovakia.

How can we improve the integration of foreigners in Bratislava?

Municipalities recognise there is a lack of outreach on the part of administrators to foreigners, but the problem goes both ways.

Several foreigners attended the latest round table hosted by the Human Rights League.