Slovak energy price assistance is about average in EU
Since the onset of the energy crisis in September 2021, EU countries have earmarked €706bn to protect individuals and companies from rising energy costs, the Belgian think tank Bruegel has calculated. Germany spent the most, €264bn, or 7.4% of GDP. Slovakia ranks 9th in the union, having allocated €3.6bn, or 3.7% of GDP. This is approved money; most of it has not yet been spent. Some €1bn will keep this year's electricity prices for households in 2023, with Slovenské elektrárne footing this bill. Another €1bn funds an anti-inflation package for households, and €1.4bn should help companies. Another €1.7bn will be used to subsidize gas prices for households, but this money is not yet in the Bruegel report.