Ivan Haluza summed up everything important about Slovak companies in 2,000 words, which is 10 minutes of reading.
1. After years of unsuccessful lobbying, large Slovak factories may be shaken by expensive energy
Slovak industrial enterprises more demanding on energy consumption have been complaining for years that their international competitiveness is reduced by too expensive
However, the current increase in the price of electricity and gas, which is already pushing some companies to shut down production, may contribute to the fact that in the future the differences between energy for factories in Slovakia and other European countries.
Coalition politicians are already promising to help them, not only in the form of immediate compensation for the current high prices, but also as permanent systemic changes. Payments for the purchase of emission allowances could thus return more money to factories than before. The Ministry of Economy also suggests that it may also reduce the tariff to support green power plants
Where the government obtained resources:
- The state budget has EUR 600 million in the Environmental Fund, which collects CO2 emissions from companies. These are growing as the price of electricity rises. They should be used for the greening of industry, but they are used to a small extent.
- The government has another 200 million euros the increase in electricity prices may no longer send such high surcharges to more expensive solar and biogas plants as originally expected.
What else can complicate it: Of the 800 million euros, the government will deal not only with businesses but also with households. The degree of distribution will be determined by the fact that factory lobbyists will assert themselves in addition to the efforts of politicians to calm ordinary voters in particular.
Last year, it returned only four million euros from CO2 allowances, although the legal formula was 18 million.
The government has no extra resources to help with high gas prices for businesses. Its price has to be taken with a cool head, also because gas has only recently been extremely cheap. It has now returned to levels two years ago.
What’s happening in businesses:
- Šalianske Duslo , as the largest consumer of natural gas, is already reducing the production of fertilizers, although the company has not specified to what extent. At the same time, he says that after the reduction of gas prices, he will return to higher capacity utilization.
- US Steel Košice , the Orava metal producer OFZ and the Bratislava refinery Slovnaft do not reduce production yet, but if energy prices are at unprecedented levels for longer, OFZ and Slovnaft
- which are the largest consumer of electricity in the country. So far, they have cheaper electricity from earlier purchases, but if they were to run at current prices, it could take them up to 60 percent of revenue next year.
- The domestic scene of energy suppliers is already having its first big crash. The largest alternative energy supplier Slovakia Energy is ending. Apparently, the fact that he cannot now pass on high energy purchase prices to households due to state price regulations
Details on topic: How to crush energy of industry leaders: Only Slovalc is in danger of a complete end, it is also saved by the co-owners of the well-known Boris Kollár (Ivan Haluza, Ján Kováč / E)
We know Sulík’s proposal to tame expensive electricity. Money falls on him from heaven (Ján Kováč / E)
Households will pay 18 percent extra for gas. The first large supplier collapsed (Ján Kováč / E)
2. The energy supplier wants to build 40 hydrogen pumps in Slovakia. Rather make sense only for trucks and buses
Not only a few state hydrogen filling stations will be established in Slovakia, but it could also be added
You need at least a standard to read subscription.
Note: This article have been indexed to our site. We do not claim ownership or copyright of any of the content above. To see the article at original source Click Here
The Woobles Beginners Crochet Kit with Easy Peasy Yarn as seen on Shark Tank - with Step-by-Step Video Tutorials - JoJo The Bunny
$27.95 (as of November 21, 2024 18:57 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
ThinkLearn Car Vacuum Detailing Kit, Interior Car Cleaning Kit with High Power Handheld Vacuum and 7Pcs Detailing Brush Set, Well-Designed Women's Pink Car Accessories Bag
$42.99 (as of November 21, 2024 18:57 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Ernie Ball Regular Slinky Nickel Wound Electric Guitar Strings - 10-46 Gauge
$6.99 (as of November 21, 2024 19:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple iPhone 16 Pro, US Version, 256GB, Black Titanium - Unlocked (Renewed)
$1,229.99 (as of November 21, 2024 18:55 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
