Industry Association Criticizes State Subsidies for Gas-Powered Electricity Production
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The Slovak Association of Petroleum Industry (SAPI) has criticized government plans to subsidize electricity production from natural gas. The industry group warned that over a planned 15-year period of guaranteed purchase prices for gas-generated electricity, households and businesses could face subsidy costs totaling up to 600 million euros. SAPI, which represents oil and gas companies operating in Slovakia, argues that these subsidies would place an excessive financial burden on consumers while supporting what they view as an inefficient energy source.