Poland wants to freeze electricity costs at present levels in 2023 for homes using less energy, the leader of the ruling Law and Justice (PiS) party said on Tuesday. The government is looking for methods to protect citizens from rising prices.
Poland will cap residential electricity rates in 2023.
Since Russia's invasion of Ukraine, energy prices have skyrocketed, pushing Polish inflation to its highest level in more than 20 years, with prices rising 16.1% year over year in August. As a result, PiS has experienced a decline in public support.
During a meeting with voters, Jaroslaw Kaczynski stated, "We have taken steps to ensure that electricity for each family, for a household up to 2,000 kilowatt (hours), is at a set price and, in fact, the current one.
He stated, "Anyone who reduces usage by at least 10% from the prior year will win an additional discount.
Around two-thirds of Polish households would see their prices remain unchanged as a result of the action, according to Kaczynski, who added that the prime minister Mateusz Morawiecki would offer more steps later this week.
The action builds on a number of efforts made by the government, including tax rebates, home fuel subsidies, and other initiatives.
Morawiecki stated in August that energy providers will need to bear a portion of the assistance costs through smaller increases in energy bills. View More
The PiS leader added that the government and state-run banks are negotiating to raise the interest rates offered to customers on both new and old deposits to 7-8%.
