Kalousek supports selling emissions to compensate for rising electricity prices

Finance Minister Miroslav Kalousek says that the government could use sales of emissions vouchers to compensate for rising electricity prices next year. Mr Kalousek told reporters today that the income from that alternative should amount to 90 billion crowns between 2013 and 2020. The next meeting of the cabinet will discuss the proposal, which was initially put forward by the Confederation of Industry. Prime Minister Petr Nečas however noted two of the proposal’s short comings: that the vouchers will not be available until 2014, and that they constitute only a temporary solution to high prices caused by solar energy plants. Energy prices are set to rise by 12 and 17% next year for households and businesses, respectively; the government has said it wants to keep the increases to less than 10%.