Home » World » Slovakia’s Energy Ties with Russia Amid Ukraine Conflict

Slovakia’s Energy Ties with Russia Amid Ukraine Conflict

by Lucas Fernandez – World Editor

Slovakia is⁢ facing scrutiny‌ over higher natural gas ‍prices compared to the czech ⁣Republic,‍ despite both countries ⁢sourcing gas from the ⁤same Slovak retailer, SPP. Opposition politicians are⁤ questioning‍ prime minister Robert Fico‘s pledge ⁢to negotiate⁢ cheaper energy with Moscow, pointing to the⁢ price disparity as evidence of a ⁤failed strategy.The price difference-15 euros ⁤(approximately 365 ‍Czech crowns)-has ignited ‍debate about energy regulation and ​sourcing practices. Juraj ⁢Šelig, deputy chairman of ⁣the Democrats party, highlighted the discrepancy,⁢ questioning the outcome of Fico’s⁣ proposed trip to Russia.​ The issue⁣ impacts Slovak‍ households and‍ businesses, ⁢raising concerns⁤ about energy ‌affordability and the effectiveness of⁢ the government’s energy policy.

SPP attributes the higher prices in Slovakia to ‌differing regulatory frameworks. while the Czech Republic allows companies to purchase gas on the‌ stock exchange based on‍ market ‍conditions, Slovakia mandates ‍purchases within fixed timeframes. ‍According ‌to SPP representative Ondrej Šebesta,Czech prices directly reflect spot ⁣market fluctuations,meaning increases on the stock exchange translate to higher household costs.

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