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Industrial electricity price 20-pct higher in Slovakia than in Western Europe

Xinhua, May 12, 2016 Adjust font size:

Industrial electricity price in Slovakia is 20 percent higher than in Western Europe, the new government will tackle the issue, Slovak Economy Minister Peter Ziga said Wednesday.

"When analysing the reason, we found out that electricity price calculation includes the so-called 'system operational tariff'," said Ziga.

"This tariff features subsidies for renewable energy resources, subsidies for combined production of power and heat and subsidies for mining. All these items comprise that part of the price that makes the price of electricity 10, 15 or 20-percent higher or even more than that when compared to prices for our western competitors," stressed Ziga.

The Slovak government has agreed to tackle high electricity prices.

"When addressing the issue, we want to take the example of countries such as the Czech Republic and Germany, where the OZE part of the electricity price is paid directly from the state budget," said Ziga.

According to the economy minister, the Czechs provide 592.11 million euro (675 million U.S. dollars) per year in OZE subsidies, while the Germans provide around 25 billion euros. (1 euro = 1.14 U.S. dollars) Endit