Electricity price hikes in January?

Poland's energy regulator (URE) has delayed its decision whether to allow utility companies to raise electricity prices for retail clients until mid-January, its spokesperson said on Wednesday.

The regulators spokesperson said that the plan to finish price-setting will happen by mid-January. "At the moment we estimate the increase will reach four to five percent," Agnieszka Głośniewska said. The original plan was to decide on prices by December 17.

"URE has sent to utility companies a notice that it won't be able to confirm new prices before December 17," URE vice president Marek Woszczyk told TVN CNBC.

Woszczyk said the delay is due to revisions of the tax law, which will impact the end-price for retail clients.

Source: TVN CNBC, Reuters