The utility agreed a year ago to provide 6.15 terawatt-hours (TWh) of electricity for 61.20 euros per megawatt-hour (MWh) in 2023 and 2024, well below market rates as it sought to avoid a proposed tax at the time. Several governments in Europe have introduced windfall taxes or other measures to tap sector profits that have soared thanks to a jump in energy prices after Russia's invasion of Ukraine. Under the new deal, Slovenske Elektrarne will supply 5.5 TWh of power per year after 2024, at a gradually rising price of 66.70 euros per MWh in 2025, 72.70 euros in 2026, and 72.70 euros in 2027. "The agreement secures electricity for households for a long period and under predictable and extremely favourable conditions," Chief Executive Branislav Strycek said in a statement. He said the government had committed not to introduce any new taxes or levies during the period of the contracts, ensuring regulatory stability. Slovenske Elektrarne is co-owned by the Slovak government, Italy's Enel and the Czech energy group EPH started by billionaire Daniel Kretinsky. It is the country's dominant power producer and is currently launching a new unit at its Mochovce nuclear power plant which will help cover 13% of the country's consumption alone. (Reporting by Jason Hovet in Prague Editing by Mark Potter)
March 30 (Reuters) - Slovakia's main utility Slovenske
Elektrarne has agreed to extend price caps for households beyond
next year and into 2027, it said on Thursday, in a deal that
helps the government soften the blow of high energy prices and
the company avoid new taxes.
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