Business Connection Addresss Government: Pause the decision on rising electricity prices

The League of Kosovo Business has reacted to the Energy Regulatory Office's decision to expensive the current for 15%, saying it is an irresponsible decision with serious consequences for the economy and citizens.

According to the Kosovo Business League, this ZRE decision will have a direct and dangerous impact on the entire economic chain of Kosovo.

“The Kosovo Business Connection has raised concern that this step, undertaken without consulting the business community and economic actors, will negatively affect key sectors of the economy: production, export, employment and purchasing power of citizens.

Energy price growth at 15% chain effect on economy

Increasing energy prices by 15% is not simply an increase in bills for businesses and families ʹ it will have a domino effect throughout the economy.” announced.

The LBK's response also shows the negative effects that will have the increase in the electricity fee.

Among other things, the Kosovo Business League has said that in addition to increasing the price of energy, market liberalisation creates another major problem for businesses.

“Companies will not have access to the energy produced by KEK, but will be forced to buy imported energy, at prices of at least twice as high. The lack of a clear and transparent platform for comparing prices from suppliers will create uncertainty and danger of price abuse. Businesses will face lack of stability in supply and unpredictable costs, making it difficult to plan their investments and operations.” Periscope.

The Kosovo Business Connection has demanded from the Kosovo government, the immediate suspension of energy price growth.

“To immediately suspend the decision to raise energy prices and consider other opportunities to ensure stability in the energy sector. Pushing for at least two years to liberalise the energy market, providing more transparency and opportunities for sustainable supply to businesses. To create an open platform for comparing prices from suppliers, enabling businesses to make informed decisions. To lift the 200-KU limit for installing solar panels, allowing businesses to invest in sustainable energy sources. ”

If these measures are not urgently taken, Kosovo risks entering an energy and economic crisis, where citizens will face higher prices and lower living standards, while businesses will be forced to cut investment or leave the country, because these policies are at risk of losing the European market on their products!

Government, ZERE not risk economic stability with its unilateral decisions It says at the end of the announcement.