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Czech plans to ease electricity price impact to cost up to $5.3 billion – minister

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Czech plans to tame electricity prices to cost up to $5.3 billion, minister says By Reuters

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Economy 9 minutes ago (Sep 08, 2022 14:20)

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PRAGUE (Reuters) – The Czech government’s national plan to ease the burden of soaring electricity costs, including some form of a price cap, could cost up to 130 billion crowns ($5.30 billion), Finance Minister Zbynek Stanjura was quoted as saying on Thursday.

Stanjura said in an interview with daily Hospodarske Noviny, published on its website, that a planned windfall tax affecting energy groups, refiners and banks would run alongside plans to put a some cap on electricity prices in place.

The Czech government is aiming to unveil a new package of measures to tame soaring power prices next week, in what it expects would work alongside any pan-European solution to be discussed by European Union member states on Friday.

($1 = 24.5440 Czech crowns)

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