EPS wants "over 20 pct" electricity price hike

Serbia's public power company EPS is going to ask the government for a price increase of over 20 percent over the course of the next year.

Izvor: FoNet

Monday, 12.10.2009.

14:51

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Serbia's public power company EPS is going to ask the government for a price increase of over 20 percent over the course of the next year. This is according to a statement today from EPS General Manager Dragomir Markovic. EPS wants "over 20 pct" electricity price hike Markovic noted that this would amount to "a correction in which the company will do business without losses – but there won’t be any profit either". He also stated that in order to secure profits, "the price of electricity would have to rise over 30 percent".

EPS wants "over 20 pct" electricity price hike

Marković noted that this would amount to "a correction in which the company will do business without losses – but there won’t be any profit either".

He also stated that in order to secure profits, "the price of electricity would have to rise over 30 percent".

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