Polish Regulator Cuts Power Prices for Households
11 June 2013 - 10:17PM
Dow Jones News
WARSAW--Poland's energy regulator has cut the electricity prices
four state-controlled utilities can charge the country's 13 million
households by 3.9 percentage points to 4.6%, it said in a news
release Tuesday.
Due to the country's ongoing economic slowdown, wholesale
electricity market prices declined significantly last year but
individual clients, whose prices are set by the state regulator,
had not yet benefited from the decrease.
The new price tariffs, which affect PGE Polska Grupa Energetycza
SA (PGE.WA), Tauron Polska Energia SA (TPE.WA), Enea SA (ENA.WA)
and Energa SA, will be in effect from July 1 to the end of
2013.
These price cuts are expected to push Poland's rapidly dropping
inflation rate even lower.
Write to Marynia Kruk at marynia.kruk@dowjones.com
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