11/06/2013 13:02:00

Polish Regulator Cuts Power Prices for Households

WARSAW--Poland's energy regulator has cut the electricity prices four state-controlled utilities can charge the country's 13 million households by 3.9 percentage points to 4.6%, it said in a news release Tuesday.

Due to the country's ongoing economic slowdown, wholesale electricity market prices declined significantly last year but individual clients, whose prices are set by the state regulator, had not yet benefited from the decrease.

The new price tariffs, which affect PGE Polska Grupa Energetycza SA (PGE.WA), Tauron Polska Energia SA (TPE.WA), Enea SA (ENA.WA) and Energa SA, will be in effect from July 1 to the end of 2013.

These price cuts are expected to push Poland's rapidly dropping inflation rate even lower.

Write to Marynia Kruk at marynia.kruk@dowjones.com

(END) Dow Jones Newswires

June 11, 2013 08:02 ET (12:02 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

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