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Suppressing electricity prices will cost Poland more than 30 billion zlotys – PM

WARSAW (Reuters) – Measures aimed at freezing household electricity prices and supporting energy-intensive companies will cost Poland more than 30 billion zlotys ( $6). 35 billion), Prime Minister Mateusz Morawiecki said on Thursday.

The country plans to freeze the price of households using up to 2000 kWh for one year. Also, reducing electricity usage by 10% will earn 10% price incentive reduction as Incentives to save energy.

“Adding all these support measures together is a huge cost, plus support for energy-intensive companies is the highest 30 one billion zlotys,” Morawiecki told a news conference.

Like all EU member states, Poland is feeling the pressure of the energy crisis. The country protects households by regulating gas and electricity prices, but companies and Poles that use coal for heating are the most vulnerable to price spikes.

Other measures announced Thursday include mandatory savings of 10% of electricity consumption by government agencies and municipalities. Morawiecki said that 66% of Polish households will pay the same electricity bill next year.

Poland has earmarked 55 500 million zlotys for household coal subsidies, in addition 13 700 million zlotys for municipalities dealing with soaring energy bills.

provided state guarantees of up to 30 one billion zlotys for state-controlled natural gas company PGNiG, respectively, To secure liquidity financing and create a one billion zloty fund to compensate for gas prices in the market and what companies charge household customers the difference between the prices.

( $1=4.7242 zloty)



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