10% rise predicted in cost of domestic electricity

The price of electricity for homes in the Czech Republic is set to go up by 10%, as of January 2008. For firms, this rise in price could be as high as 15%. These figures are the predictions of analysts, based on Czech energy giant CEZ's new price-list, which came out on Thursday. Experts say that the rise in price reflects both the increased distribution costs for electricity, and the new 'green tax' which was approved in August, as part of the public finance reforms package, and now awaits only the president's signature. This year, the price of electricity for domestic consumption rose by nearly 8%.