The Kosovo Chamber of Commerce and Industry, in a reaction, said that it had awaited with great concern the warning of the Energy Regulatory Office for a 15% increase in electricity prices.
Their response states that this decision is considered to have been made without proper consultation with businesses and without a proper analysis of the consequences that this increase could bring to local producers, reports the Telegraph.
"The repeated increase of 15% is happening only two years after such an increase was made by ERO and its consequences continue to be present in businesses. Such a price increase makes the private sector in Kosovo more unfavorable to competition coming from abroad and this can be followed by other consequences, such as: a decrease in production and the number of workers," the reaction continues.
The Electricity Regulatory Office of Kosovo (ERO) announced on Friday that it has proposed increasing the price of electricity in the country by about 15 percent next month.
The news was announced on Friday through the publication of the consultative report on maximum allowed revenues, which foresees an increase in electricity tariffs.
According to the ERO announcement, the publication of the report provides an opportunity for interested parties to review and provide comments on the proposed tariff increase. The deadline for submitting comments is March 28.
ERO conducts the annual review and setting of electricity tariffs, which are announced every April 1 and are valid until March 31 of the following year.
This increase comes after requests from three energy sector companies in Kosovo – KOST, KEDS and KESCO – which say that the need for electricity price increases is related to the high costs of importing electricity. /Telegraph/
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