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| Changes by the ÚRSO in the settlement of electricity deviations will be liquidating |
| Bratislava, 09.07.2025 |
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| The planned radical change to the system of settling deviations by the Regulatory Authority for Network Industries (ÚRSO) will cause millions in damages, endanger jobs, liquidate industrial enterprises and further undermine Slovakia's competitiveness. This was stated on Wednesday by the Klub 500 business association, according to which it is a collective punishment for the entire market. On July 1, the ÚRSO announced that it is preparing a change according to which companies will pay for every error in their estimates of electricity production or consumption.
The businessmen pointed out that such a radical proposal came from the regulator without expert discussion, without consultations with the affected entities and without being discussed in advance with industry representatives. Moreover, the change should apply from August 1, i.e. in an extremely short period of time, without the possibility of adequate preparation or assessment of its impact. This is a step that contradicts the principles of transparency and predictability of the regulatory environment.
“Today, Slovakia produces more electricity than it consumes, but our companies pay some of the highest prices in the region. Instead of solving this key barrier, the ÚRSO is coming up with another unprofessional measure that only increases costs, liquidates the industry and destroys any motivation to invest,” said the executive director of the 500 Club, Tibor Gregor.
When announcing the planned changes, the ÚRSO stated that the reason is the need to minimize the negative consequences after the Slovak Electricity Transmission System (SEPS) joins the European platforms for cross-border procurement of regulatory energy Picasso and Mari at the end of 2024. The authority thus wants to take action against speculation by traders on the electricity market. A deviation occurs when an entity supplies or withdraws a different amount of electricity from the system than it originally contractually declared. However, the system must compensate for this immediately.
The 500 Club claims that, according to preliminary analyses, the proposed change will increase costs by millions of euros per year for large companies. It also rejects the claim by the ÚRSO that these changes will contribute to a reduction in electricity prices. “If the regulatory authority enforces these liquidation measures, it will not only be an attack on the industry, but also a direct intervention in the stability of the entire Slovak economy,” stressed the Club 500.
The entrepreneurs called for this process to be stopped and also warned that if this change is implemented, the Club 500 is ready to defend the interests of Slovak industry “by all available legal and institutional means, including those at the international level.”
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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