Fico: Coalition Strikes Deal on 2026 Energy Price Compensations

Bratislava, 14 August (TASR) – The coalition council has reached an agreement on compensations for gas, heating, and electricity prices for households in 2026, alongside other initial budget and consolidation measures. Prime Minister Robert Fico (Smer-SD) announced the decision on Thursday following a session of the coalition council, sharing the information on social media. The compensation measures will apply to 90 percent of Slovak households. According to Fico, without these measures, energy prices — specifically for gas, heat, and electricity — would increase by one-third, which the coalition considers unacceptable. The compensation package will impact the state budget with an expenditure of €435 million. Fico also rejected claims about a potential, planned increase in value-added tax (VAT) as part of the consolidation process. He stated that the coalition council strongly refutes such false claims. „There is no such proposal,” the Prime Minister concluded. mf/mcs