Electricity and gas providers to get price cap compensation

The government will compensate companies electricity and natural gas providers for having to sell the energy at capped prices. The measure is worth between 340 and 350 million euro at the annual level.

The eligibility criteria are set down in two regulations that were adopted by the government on 12 January. The electricity market operator Borzen has been authorised to pay out the compensation.

"We are addressing the cost-of-living crisis and compensating the providers for the shortfall because they have to sell at capped prices, both electricity and natural gas,"...