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Montenegro's EPCG to bear 4.5 mln euro cost to lower electricity bills for households

Author Radomir Ralev
Montenegro's EPCG to bear 4.5 mln euro cost to lower electricity bills for households Source: EPCG

PODGORICA (Montenegro), January 5 (SeeNews) - Montenegro's state-owned power utility EPCG [MNE:EPCG] plans to bear additional costs of 4.5 million euro ($5.1 million) to cushion the impact of rising electricity prices on households in the first half of 2022, it said.

The board of directors of EPCG decided to grant a 12.5% discount on the electricity bills for households in the first half of 2022, EPCG said in a statement last week.

Moreover, the company plans to provide an additional 10% discount on the electricity bills of the citizens of Pljevlja, where the country's largest thermal power plant is located, until the end of the first quarter of 2022, EPCG said.

EPCG CEO Nikola Rovcanin said on Tuesday that in 2021 the company will achieve significantly better financial results than those recorded in 2020.

($ = 0.88408 euro)

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