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.
Turkey’s Energy Minister Berat Albayrak, son-in-law of President Recep Tayyip Erdogan, is set to visit Israel by the end of this year to conclude an agreement to construct a natural gas pipeline ... more
State-controlled Polish power firm Tauron has sold €500mn worth of eurobonds, the company said on July 5. Tauron needs capital to refinance the costs of construction and the purchasing of a ... more
Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more