Poland To Stop Setting Electricity Prices From Jan 2013

Poland To Stop Setting Electricity Prices From Jan 2013
dj
Δευ, 14 Μαΐου 2012 - 17:51
Poland will stop setting electricity prices for private individuals from January 2013 leading to an increase in prices of as much as 40%, Dziennik Gazeta Prawna Daily writes Monday quoting unnamed sources.
Poland will stop setting electricity prices for private individuals from January 2013 leading to an increase in prices of as much as 40%, Dziennik Gazeta Prawna Daily writes Monday quoting unnamed sources.

At the moment electricity prices for Poles are being set by the state-regulator URE at an artificially low level compared with market prices utilities charge businesses.

The daily estimates the increase in electricity prices could add some 0.6-0.7 percentage points to
Poland 's already high inflation.

Earlier in May the monetary policy council increased interest rates by 25 basis points in order to fight persistently high inflation, which has been at about 4% since November 2011.

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