Spectator on facebook

Spectator on facebook

FOCUS SHORT

Electricity for firms is costly

BASED on the European Commission’s energy prices and costs report released in mid-March, industrial electricity prices (excluding VAT and recoverable taxes) went up by about 3.5 percent per year in the period between 2008 and 2012. In some countries retail industrial prices have actually decreased over the period in question (the Czech Republic, Denmark, Croatia, Hungary, Ireland, the Netherlands, Romania, Slovenia and Slovakia), while industrial users in countries such as Estonia, Lithuania and Latvia have experienced annual growth of more than 8 percent.

BASED on the European Commission’s energy prices and costs report released in mid-March, industrial electricity prices (excluding VAT and recoverable taxes) went up by about 3.5 percent per year in the period between 2008 and 2012. In some countries retail industrial prices have actually decreased over the period in question (the Czech Republic, Denmark, Croatia, Hungary, Ireland, the Netherlands, Romania, Slovenia and Slovakia), while industrial users in countries such as Estonia, Lithuania and Latvia have experienced annual growth of more than 8 percent.

Lívia Vašáková, an economic advisor at European Commission’ s representation in Bratislava, said at a seminar dedicated to the retail energy market that based on the report, Slovakia has the fifth highest electricity prices for industrial users within the EU and that these prices are among the highest in the world. For the EU as a whole, between 2008 and 2012 retail electricity prices rose for industrial consumers by 16.8 percent. For industry, the cost of charges related to the country’s Renewable Energy Act in particular increased more than fourfold, pushing up network costs, the report read.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.