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Slovakia electricity price among highest in EU

Xinhua, February 10, 2017 Adjust font size:

Electricity prices in Slovakia are among the highest in the EU due to a badly adjusted system of support for renewable energy sources, Rastislav Hanulak from the law firm Capitol Legal Group stated on Thursday on TABLET.TV.

"These costs are fully translated into energy bills via tariffs for operating the distribution system. While the price of the commodity, for example, electricity, as such has fallen since the financial crisis, the tariff for operating the system has increased from 6.30 euros (6.71 U.S. dollars) in 2010 to the current 26.20 euros. It's appropriate to ask whether these prices were set fairly," noted Hanulak.

The system of support for renewable energy sources in Slovakia obliges energy distribution company to purchase such energy, while a similar situation is in place with the support of electricity production from domestic brown coal guaranteed until 2030.

Slovakia has committed itself to increasing electricity and heat production from renewable sources to 14 percent by 2020. The current figures are around 10 to 11 percent. Meanwhile, the Slovak government has pledged to support renewable energy sources by paying higher energy prices for these sources for 15 years. Endit