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Slovenia's GEN-I cuts power prices for households, small firms to mitigate Covid-19 impact

Author Iskra Pavlova
Slovenia's GEN-I cuts power prices for households, small firms to mitigate Covid-19 impact Photo: All Rights Reserved

LJUBLJANA (Slovenia), March 26 (SeeNews) - Slovenian energy group GEN-I said it is cutting by 15% the prices at which it sells electricity to households and small businesses in the country to mitigate the impact of the ongoing coronavirus crisis.

The lower prices will be valid for the months of March, April and May, the company said in a statement on Wednesday.

"In such moments, we want to make our contribution to making the situation for the people at least a little bit easier," the head of GEN-I, Robert Golob, said in the statement.

"We hope our example will be followed by other companies which can afford this today, not only from the energy sector. Now is not the time for making profits and working in one's own interest, but for solidarity," Golob said.

GEN-I is a 50/50 joint venture company of Slovenian state-owned energy group GEN Energija and its affiliate investment firm GEN-EL Nalozbe.

The Slovenian government said earlier this week it is drafting a 2 billion euro ($2.2 billion) stimulus package with the aim of supporting local businesses and individuals to weather the crisis unleashed by the coronavirus diesease (Covid-19).

The coronavirus has already killed 5 people in Slovenia. The number of people infected has risen to 528 by midday on Wednesday.

($=0.911145 euro)

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