Rizvanol says again: Increasing electricity prices is inevitable

Rizvanol says again: Increasing electricity prices is inevitable

Economy Minister Artane Rizvanolli has said there is no going back and that price hikes will happen as warned. Rizvanolli said Kosovo has not built new energy production capacities after the war and that prices in the market have grown to the point that they are no longer affordable. “Yet it is [...]

Rizvanolli said Kosovo has not built new energy production capacities after the war and that prices in the market have grown to the point that they are no longer affordable.

“Anyway it's the situation we're in. It's painful. We haven't built new energy production capacities in 22 years, I'm talking about post-war, as it's over 40 years since new capacities have not been built. We don't have enough capacity to cover the consumption, especially during the winter, and we've also removed the blockade. He has left us exposed to an external crisis. Businessmen don't ask you how much GDP you have, you buy the electricity at market prices. It's an increase that has to happen, it's inevitable if we want to have energy supply”, Rizvanolli said at KTV.

Rizvanolli further said there is no other way to pay for imported energy and that the government would previously have spent money in other ways than for electricity payments.

We need to think about whether it's better to go with full energy subsidies, and not have the consumer signal that energy should be saved. The total budget for the economy ministry this year is 33m euros. We are currently talking about 75m euros of subsidisation, and subvention will total 130m euros. They're painful for us like Government, because there are better ways to spend money. Painful for citizens to be paid out of their” budget, Rizvanolli has said.

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