Spectator on facebook

Spectator on facebook

Regulated energy prices down

Electricity prices will shrink by 1 percent and gas prices by 3.6 percent by 2016.

Illustrative stock photo(Source: Sme)

Electricity prices for households are set to fall by an average of 1 percent in 2016, with gas prices projected to shrink by 3.6 percent, head of the Office for Regulation of Network Industries (ÚRSO) Jozef Holjenčík announced on November 30. The actual annual savings in bills for households will vary from anywhere between €3-50 for electricity and between €1-40 annually for gas, depending on each particular tariff and the extent of the use of electricity and gas, the TASR newswire reported.

Electricity rates have been dropping for three years now, according to Holjenčík, who further stressed that the falls are not, strictly speaking, the result of market competition, even though ÚRSO has laid the groundwork for it and the market now includes a sufficient number of alternative suppliers.

“The drop in prices is de facto produced by ÚRSO’s course of action, as it has had to respond to market developments, as the regulated suppliers did not offer lower prices to consumers despite the drop in market prices,” said Holjenčík as cited by TASR.

Meanwhile, the rate for electricity supplies to small businesses will shrink by 1.1 percent next year. The gas bills for small enterprises are projected to drop by an average of 2.88 percent.

In Slovakia electricity and gas prices of households and small businesses are regulated by ÚRSO.  

Holjenčík warned that the end prices for industries are not about to go down, however, as ÚRSO has no control over some fees that make up the end price.

Water prices are set to remain unchanged next year, as no water management company has requested ÚRSO to amend the pricing for 2016.

Topic: Energy


Top stories

Police will check overpriced EU presidency

The presidency will also be scrutinised by state auditors.

The ceremonial launch of the Slovak presidency's logo.

Inspectors to focus on firms with foreign staff

Scrutiny follows media report by Serbian journalist concerning conditions in a Galanta-based plant.

Labour Minister Ján Richter

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

SaS denies Russian media reports on its support of Slexit

The opposition party has objected to news in some Russian media stating that it supports the departure of Slovakia from the EU, i.e. Slexit.

Richard Sulík