Slovakia agrees with electricity producer SE to extend cheap power supplies

Bratislava/Mochovce March 30 (CTK correspondent) – Slovakia’s largest electricity producer, Slovenské elektrárne (SE), will supply cheap electricity to households until 2027. SE CEO Branislav Strýček and Economy Minister Karel Hirman told reporters today. The price will gradually rise, however, and the amount supplied at this price will fall. The relevant memorandum, originally signed last year for 2023 and 2024 only and now extended by SE’s shareholders, helped ensure that electricity prices for households in Slovakia rose only slightly this year.

„An agreement has been reached between Slovenské elektrárne and its shareholders, including the state, to extend the memorandum, which means Slovenské elektrárne will supply energy to households at exceptionally low prices,“ Strýček said.

In return, the company secured a guarantee that the government would not impose new taxes or regulations on SE.

The majority stake in SE is controlled by the Czech businessman Daniel Křetínský’s Energetický a průmyslový holding, together with the Italian group Enel.