Business & Finance

Polish power firms to hike tariffs around 5pc

Published Updated

The utilities had sought increases ranging between 6.4-10.5 percent.

URE approved hiked of up to 5.88 percent for the country's No. 2 utility Tauron, the newspaper reported, and citing comments from the company late on Friday.

Poland's top utility PGE got clearance to increase tariffs by 4.46 percent, while its smaller rivals Enea and Energa can hike by 4.86 percent and 5.18 percent, respectively.

Deputy Economy Minister Maciej Kaliski told parliament on Friday that Poland might liberalise energy prices in 2013 at the earliest, the daily also wrote.

Copyright Reuters, 2011