GEN-I cuts Slovenian power prices 15% for three months amid pandemic

Energy trader and supplier GEN-I lowered its electricity tariffs for low voltage in Slovenia, adding to the government’s support measures due to the coronavirus pandemic.

Households and small businesses buying power from GEN-I doo are getting a 15% discount in the company’s home market. Slovenian customers in the category will be paying almost 30% less on average for three months when the state’s measures are included. GEN-I stressed its own and the corporate sector’s social responsibility with regard to the COVID-19 pandemic.

The government has earlier suspended the surcharge for the support to the production from renewable energy sources and high-efficiency generation and cut the network charge.

The company, which trades and supplies electricity, said its decision applies for the actual use and the flat rate set out in the single-rate, peak-rate and off-peak-rate tariffs. The excise tax and the contributions for the functioning of the market operator and energy efficiency remain unchanged, the statement adds.

GEN-I stressed its own and the corporate sector’s social responsibility with regard to the COVID-19 pandemic

The bills in the low voltage category will be lower at least until the period through May, according to the update. GEN-I is also active in the gas sector.

Numerous households and small businesses find themselves facing hardship, the utility’s Management Board President Robert Golob said and noted it is the first supplier to lower prices. “In such moments, it is our desire to contribute to the easing of that hardship. We hope that our example will be followed by other companies with the ability to help today, not just those from the energy sector. Now is not the time to generate profits and pursue our own interests; it is a time for solidary,” he emphasized.

Separately, GEN-I vowed to ensure the continuity of operations amid the pandemic and added it established a monitoring team before the health crisis. It revealed 95% of employees perform their tasks at home while that the rest is in two separate groups.

Golob: 95% of employees perform their tasks at home while that the rest is in two separate groups

Other power transmission and production companies in the country have also reacted to the coronavirus outbreak with emergency measures.

Of note, Golob has reaffirmed the company’s commitment to helping achieve a carbonless society and to the “digitization of everything.”