PM: Govt. won’t approve hike in electricity prices

Prime Minister Mirko Cvetković said that the government will not approve price hikes for electricity so that the inflation rate is not altered considerably.

Izvor: Tanjug

Sunday, 11.07.2010.

15:39

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Prime Minister Mirko Cvetkovic said that the government will not approve price hikes for electricity so that the inflation rate is not altered considerably. “If we have to allow a new increase in electricity prices, it will be minimal and far less than the 35-40 percent that is being asked for,” he said. PM: Govt. won’t approve hike in electricity prices “With this, the government will be sure not to endanger with such a move the target inflation and the decision will be made once all the facts are on the table. But the percentage that was mentioned would not be considered,” he said. In early July, EPS Board of Directors President Aca Markovic said that the realistic price hike for electricity in Serbia would be in between 35 and 40 percent. He explained that EPS planned to invest RSD 64bn this year, but that this would be decrease because electricity prices only increased by 10 percent at the beginning of the year. He said that there were earlier plans to have a ten percent increase in January, and then one more in July. “Now we will have to reduce the quality of our restorations because of the lack of investment capital, which will be felt by the consumers the most,” Markovic said.

PM: Govt. won’t approve hike in electricity prices

“With this, the government will be sure not to endanger with such a move the target inflation and the decision will be made once all the facts are on the table. But the percentage that was mentioned would not be considered,” he said.

In early July, EPS Board of Directors President Aca Marković said that the realistic price hike for electricity in Serbia would be in between 35 and 40 percent.

He explained that EPS planned to invest RSD 64bn this year, but that this would be decrease because electricity prices only increased by 10 percent at the beginning of the year.

He said that there were earlier plans to have a ten percent increase in January, and then one more in July.

“Now we will have to reduce the quality of our restorations because of the lack of investment capital, which will be felt by the consumers the most,” Marković said.

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