Government approves support for renewable resources

25-10-2012

The government on Wednesday approved a proposal counting on a rise in subsidies for renewable sources by seven billion crowns, but at the same time reducing the state's contribution, Deputy Prime Minister Karolína Peake said at a press conference following the cabinet meeting. The change will lead to a growth in prices that households and companies will pay for electricity as of next year. According to preliminary estimates, electricity prices for households will rise by 2 to 4 percent owing to the new setting of regulations. Industry and Trade Minister Martin Kuba conceded on Wednesday that support towards renewable sources was high and was a burden for Czech industry. The new government regulation was earlier criticised by the Confederation of Industry. The minister, together with entrepreneurs in industry, is preparing measures to soften the impact of renewable energy costs on companies. However, the steps will affect the budget for 2014 and not next year.