WARSAW, Oct 11 (Reuters) – Poland will set a maximum electricity price of 785 zlotys ($156.61) per megawatt-hour (MWh) in 2023 for entities such as small businesses and hospitals, the country’s prime minister said. Home set 693 PLN/MWh. Tuesday.
Polish municipalities and cities face sharp increases in the price of electricity delivered by local utilities next year as Europe tries to clear a road for the winter, prompting many to announce energy-saving measures and spending cuts.
Poland earlier said it planned to freeze prices for households using up to 2,000 kilowatt-hours (KWh) a year, with higher limits for large families or those with disabled family members.
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From December 1, the price cap will apply to all electricity used by small businesses and vulnerable consumers, such as hospitals and schools. 1 until the end of next year.
The Polish government added that by 2023, households will pay a cap price above 2,000 kWh.
“This is a storm that affects us all, but we are doing everything we can to support the company and the Poles,” Prime Minister Matthaus Morawiecki told reporters.
The capped price will also apply to contracts that have already been signed, Climate Minister Anna Moscova said at the briefing.
The cost of the price cap will be largely borne by utilities under a formula that will take into account fuel costs, carbon emissions rights and other costs including profits, Moskwa said, without giving further details.
(1 USD = 5.0125 PLN)
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Reporting by Marek Strzelecki, Alan Charlish and Pawel Florkiewicz; Editing by David Goodman and Alexander Smith
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