Slovakia Signs Deal with SE on Cheaper Electricity Prices

Bratislava, September 19 (TASR) - Slovakia signed a contract with the SE power utility on the supply of electricity for households at €61.20 per megawatt hour (Mhw), Prime Minister Ludovit Odor announced at a press conference, in the company of Economy Minister Peter Dovhun and SE general director Branislav Strycek, on Tuesday. Hence, electricity prices are not expected to change much in the next year. "We signed a so-called implementation agreement with SE utility. Households will thus be able to buy electricity (the power component of the price) at the same price next year, which is, of course, good news in these challenging times. We can do this mostly because Slovakia generates a sufficient amount of electricity. I can say that the third block of the Mochovce (power plant) is currently operating at 96 percent of its capacity. This is another factor that enables us to provide across-the-board aid to households in this case," explained Odor. The Slovenske Elektrarne utility and its stockholders arrived at a deal with the government of Eduard Heger (2020-23) to supply electricity to Slovak households at more advantageous prices already back in 2022. An addendum to the memorandum on electricity supplies extends this until 2027. mf/mcs