Companies in Slovakia will see a cap placed on the power component of energy prices from January 1 to March 31 next year. The amount will be €199 per megawatt hour (MWh) for electricity and €99 per MWh for gas. Prime Minister Eduard Heger said this on Monday after the tripartite meeting and added that the state would cover 80 percent of the expenses above this level. "With this measure, we'll cover almost the entire company sector. We still have extremely energy-demanding companies, which the Economy Ministry will deal with individually," said the premier. For the time being, the measure should remain in force until the end of the first quarter of 2023. According to Heger, the Government will re-evaluate this aid in March based on the market situation. The premier also pointed out that next year's energy aid is tied to approval of the 2023 state budget in Parliament. A total of €3.5 billion has been allocated in it for this purpose, part of which has been earmarked for helping companies. Heger stressed that it’s important for the state budget to be approved in the House. Following an extraordinary session of the Economic and Social Council (tripartite), representatives of employers and trade unions praised the Government's proposal to cap the prices of the power component of electricity and gas for companies. They only had comments on insufficient compensation for energy-intensive businesses and the health sector. Negotiations should continue in these sectors.
Source: TASR
