Energy crushes Slovakia. The business currently chooses from three cuts. And all options are bad
Electricity and gas prices on the markets are rewriting historical highs. Although Slovak households did not experience a significant increase in invoices, the same cannot be said for entrepreneurs. While a year ago, a megawatt-hour of electricity on the Prague stock exchange cost more than 100 euros, at the end of August this year, the same volume was already at the level of 1,000 euros.
Now the price fluctuates between 400 and 500 euros. The price jump increases the costs of companies and they also lose their last options. That is why they are calling for the government to act.
“Unless the government intervenes, there is a real threat of layoffs, we have not yet quantified to what extent,” warns Róbert Kičina, first vice president of the Food Chamber of Slovakia.
According to him, food producers still rely on the fact that the cabinet will adopt a measure that will reduce the price of energy and make it manageable for them. “The Nestlé company has contracted energy for next year, for which we will pay about four times more compared to 2021,” Kičina said.
You choose from three steps – bad and worse
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