October 23, 2021

Beyond Going Long

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The situation around Slovakia's departure for energy is getting worse.  Who will save their customers?  - Energy - Economy

The situation around Slovakia’s departure for energy is getting worse. Who will save their customers? – Energy – Economy

Andrej Juris, Head of the ÚRSO Regulatory Office, confirmed that with this step, OKTE has complicated its ability to comprehensively assess Slovakia Energy’s request to close its business, putting its customers at risk by sharply increasing prices for new suppliers. The head of the Department of Economy, Richard Sollick (SaS), confirmed that the state is taking legal action.


Photo: And

Pictured from the left is the head of the Network Industries Regulatory Office (ÚRSO) Andre Juris and Minister of State for the Ministry of Economy Karol Galic.

The Network Industries Regulatory Office (ÚRSO) reported that over the weekend, all electricity and gas customers of Energy Slovakia, sro automatically switched to the so-called Institute of Supply of Last Resort. It happened less than two weeks after the company suddenly announced that it was going to end in the market. Originally, their customers had to have three months to choose a new supplier.

Prices do not guarantee

In this context, the regulator has reassured all concerned customers that they continue to have a continuous supply of electricity and gas. This was also confirmed by Minister Solek, who, however, did not rule out that while energy supplies are secured to customers of the decommissioned company, the price of such supplies for customers of Slovak Energy is not yet clear for electricity. SPP will provide gas to these customers at standard prices, despite the fact that they have to purchase additional gas for new customers at the present time.

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Energy Slovakia It was the fourth largest supplier in the gas market last year with a market share of about six percent. SPP has the largest number of clients, over 60 percent, followed by innogs and ZSE Energia. The company was also one of the largest alternative suppliers of electricity. The three dominant traditionally include Západoslovenská energetika, Stredoslovenská energetika, and Východoslovenská energetika.

The situation with electricity is similar, with distribution companies requesting state support for higher electricity purchase prices for new customers. According to the Minister of State in the Ministry of Economy, Karol Gallick, corporate costs are supposed to be about 30 million euros higher next year.

The state is preparing for lawsuits

However, Solik stated that the state does not want to repay these arrears and that Slovak Energy’s customers can immediately sign contracts with SPP, which also supplies electricity at record rates. It is scheduled to conclude the ministry’s negotiations with the distribution companies this week. “In the meantime, we are also consulting with our lawyers on the legislative steps we can take against Energy Slovakia,” the minister announced.

spp and gas Read more Solik: 300,000 customers will not be affected by the failure of the energy company

At the same time, the regulator and the Ministry pointed the finger at OKTE, which regulates and evaluates the electricity market in the short term and ensures the settlement of deviations in Slovakia. It was the Slovak Energy Company, like the regulator, who had to send an official request to them when deciding to leave the Slovak market.

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However, the regulator stated that OKTE, unexpectedly, already on October 7, 2021, terminated the deviation settlement agreement with Slovakia Energy, s.r.o., and thus de facto terminated the business of Slovakia Energy, s.r.o., diverting Slovak Energy customers from the regulated rate system in Another haven delivery price system.

Video: Richard Solick on energies:

ÚRSO President Andrej Juris commented on the situation, saying that “OKTE, complicated by ÚRSO’s ability to comprehensively and adequately assess Slovakia Energy’s implementation of business closures, especially with regard to the maximum possible mitigation of the impacts on affected customers.”

Solik also gave the organizer the truth. “Ask OKTE why it has allowed these virtually bankrupt people to leave the market from evening to morning and leave their clients at risk,” he said on Monday. The daily Pravda OKTE has requested a response, but has not yet commented.

The supplier claims it’s not his fault

Slovakia Energy responded to the accusations of the state and ÚRSO with the objection that the exit from the market was the result of management failures, linked to incorrect behavior towards customers. He insists there are perfectly legitimate reasons for leaving. “Apart from the situation in the markets, the state regulation of pricing has also led to the supplier termination of its business in our market,” said Bohemia Energy’s Director of Public Relations Hana Novotná.

“When Slovakia Energy started operating in the Slovak market in 2008, we expected the regulation to end. However, we are in 2021 and the end of this regulation is still in sight. Under these circumstances, it does not make sense for us to invest in further development For the company, and therefore we decided to take this difficult step and re-license, ”said the director of the Slovak Energy Company, Jerry Besak.

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Slovakia Energy belongs to the Bohemia Energy Group, which recently announced a significant price increase in the Czech Republic. The commercial part of the electricity price will double since November to 4,144 CZK (163 euros) per megawatt-hour, and the total price after including distribution prices will rise by 49 percent to 6256 CZK (247 euros). Electricity prices in the Czech Republic are less regulated than in Slovakia, where the increase must be approved by the regulator and can only be in effect from January. For neighbors, the supplier, if he has a contract, may change prices during the year.