Electricity to hit a new high by New Year’s, followed by an increase in prices

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Not so long ago, the citizens were “honored” with the increase in the price of electricity, which caused great dissatisfaction among the citizens, after which several protests were organized. For the next increase in order not to raise revolt by the citizens who are already upset by the burden placed on their backs, the Government proposed to reduce the VAT on the bills so that the citizens will not at least directly feel the last increase of 12%.

However, this lubrication has a deadline, after which it will gradually return to the rate of 18% in two years. According to the announcements, the industrial electricity used by companies will be twice as expensive, and the electricity used by households will be 50% more expensive, and this would be a huge shock for the citizens who are already facing financial consequences as a result of the pandemic, loss of jobs, etc. This increase is also announced by the letters that traders receive from suppliers where it says: Due to the huge increase in stock prices by almost 100 percent compared to the contract period, which the supplier cannot predict and control, forced we are to provide you with new conditions for electricity supply. We offer you new conditions in order to continue our cooperation in the future.”

Such an increase in electricity prices would inevitably lead to another rise in product prices, the food industry warns.

According to the industry, the prices of the products can increase by as much as 50% by the end of the year, but the Prime Minister Zoran Zaev, instead of taking these warnings seriously and finding a prevention strategy in time, called these announcements as exaggerated.

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