Electricity and gas prices to go down

Electricity prices for households are set to fall by an average of 1 percent next year, with gas prices projected to shrink by 3.6 percent, according to the Head of energy regulator URSO Jozef Holjenčík. 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. Meanwhile, the rate for electricity supplies to small businesses will shrink by 1.1 percent next year. The end prices for industry aren't about to go down, however, as URSO has no control over some fees that make up the end price. The gas bills for small enterprises are projected to drop by an average of 2.8 percent. Water prices are set to remain unchanged next year as no water management company has requested URSO to amend the pricing for 2016.