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Polish govt announces retroactive cut in energy prices

Published 11/09/2023, 16:40
Updated 11/09/2023, 16:46
© Reuters. FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, in Kleszczow, Poland October 20, 2022. REUTERS/Kuba Stezycki/File Photo

WARSAW (Reuters) - Polish energy suppliers will have to cut electricity prices for households by 12% retrospectively from January 2023, the government said on Monday.

"Due to the Senate blocking a bill that assumed a 5% reduction in electricity prices, the government decided to introduce a solution in which energy sellers would grant households a discount of over 120 zloty ($27.76)," State Assets Minister Jacek Sasin wrote on social media platform X.

© Reuters. FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, in Kleszczow, Poland October 20, 2022. REUTERS/Kuba Stezycki/File Photo

The Polish government has announced a series of handouts this year ahead of elections planned in October, including raising its flagship child subsidy programme from 500 zloty to 800 zloty from 2024.

($1 = 4.3229 zlotys)

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