Electricity prices are unlikely to rise till 2016 as there are no developments signalling such moves, according to vice-minister of economy Tomasz Tomczykiewicz.
He deems that even rises of CO2-related fees in coming years should not translate into any noticeable price hikes. The minister argued that the power market for business customers has only started to be liberalised, while prices for households are still regulated by the Energy Regulatory Office (URE).
Indeed, a few days ago, URE's president Maciej Bando said that a stable price trend is a prerequisite for freeing power prices for households, but currently, there are no signs of such a trend. According to him, the current situation on the Polish Power Exchange (TGE) does not allow to predict whether prices will rise or fall.
In December, URE approved of updated motions submitted by power distributors and vendors that will led to the drop of electricity bills for households ("G" group tariff) by 2.5% on the average. This was the second power tariff cut in 2013. Prices for industrial and corporate customers have been freed a few years ago.
A Turkish LPG carrier docked at the port of Izmail, Ukraine, was hit by a Russian drone during an attack, sparking a fire on the vessel, which has now been extinguished. According to the Maritime ... more
Russia is in talks to purchase around 1,000 tonnes of uranium from Niger in a deal valued at approximately $170mn, according to French security assessments cited by Le Monde. The reported ... more
Russia has signed a "legally binding memorandum" on the construction of a second gas pipeline to China, Power of Siberia 2, including a transit branch, Soyuz Vostok, that will run across Mongolian ... more