By: The Quinnipiac University Economics Research Team, Jack Hangen
Slovakian Energy, the largest alternative energy supplier in the country, recently asked the Slovakian government to revoke its license to sell electricity and natural gas. This request was prompted by increases in energy costs, thereby decreasing demand for this product and enhancing the uncertainty of energy markets in the short term. Despite the company exiting the market, customers can end their contract and transition to another energy company. Additionally, Slovakian Energy’s stepping out of the market further increases electricity prices in the region.
This article is based upon: https://spectator.sme.sk/c/22753582/countrys-largest-alternative-energy-supplier-quits-slovak-market.html