Officially: Electricity price to go up by 7.4 percent

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The electricity price for households on the regulated market is to increase by 7.4 percent and citizens will continue to use cheaper tariff in the same period of the day as before, said Energy Regulatory Commission president Marko Bislimovski on Friday.

All energy companies asked for the increase due to the problems caused by the COVID-19 crisis.

Revenues of Power Plants of North Macedonia (ESM) have dropped by EUR 17 million, while Electricity Transmission System Operator of North Macedonia (MEPSO) has seen revenues shrink by EUR 11 million.

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