High power rates derail subsidy spending


High power rates derail subsidy spending

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Soaring electricity rates in February, pushed up by cold weather and the sharp increase in the price of natural gas before the de-escalation of the last few days, have also derailed the subsidy account for March tariffs and are making it difficult for the Environment and Energy Ministry to implement retroactive subsidies for small businesses. 

The ministry’s initial plan for a two-month subsidy for small businesses (December-January) was revised after the increase in the wholesale electricity price in January to include February, while the course of prices is making it necessary to provide an additional subsidy for the month of March as well.





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