Shala: Any 15-20% increase in energy is gradual economic extinction

The total amount demanded by KEDS and KECCO in the annual plan is 90m euros, which in the figure is to raise the energy price by 21 per cent if they approve this request to the ERE.

Democratic Party of Kosovo MP (PDK), Ferat Shala for Periscope has estimated that there will again be energy growth but not as much K Company has asked for ESCO. According to him, this increase will have a chain effect on family economies.

“Not Only KESCO but all other organisations are now backed by state institutions openly by creating favors for those allowed maximum inflows to appear when it will without any kind of auditing or regulation”, Shala said.

Shala has said that she has warned this expensiveness for more than six months, as a result of government management policies that made the sector.

The “is surprising how the Energy Regulatory Office (ZRRE) extended the deadline for submitting applications that have not been viable so far. I don't expect it to be approved as the entire amount the company has demanded, but, you know, we're going to have a cost of electricity and two digits anyway. The disaster, again, is that all of these are the means of the citizens of Kosovo, the budget and the family economy and the overall economy of our country”, he said.

For the former chairman of the Commission for Economics, Industry, Intervention and Trade each year, the price increase of between 15 and 20 %s is gradual extinction of the local production economy.

I consider all these to have a very serious effect on the country's economy. The consequences will be chain as well as supply lines, but especially on local production lines, and in a general way, this makes it difficult to do business and unable to open new jobs. With this logic and this trend of price hikes per year of 15 to 20% means the country is going towards what is gradual economic and local production reduction”, he said. /Periscope

K ESCO proposes electricity price growth of around 21%