Fico: Energy price compensations should benefit 90 percent of households; we aim to utilize EU funds

Bratislava – In 2026, energy prices are expected to remain stable for 90 percent of households. Prime Minister of Slovakia, Robert Fico (Smer-SD), announced on social media on August 3 that he would propose compensation for gas and heat prices to the coalition and seek EU funds from the European Commission (EC) for this initiative.

Fico noted that the proposal was developed in discussions with Slovakia’s Minister of Economy, Denisa Saková (Hlas-SD), focusing on options for compensating heat and gas prices this week.

“We have resolved electricity for 2026,” Fico stated, praising the minister for devising a targeted compensation plan. “We agreed to present the coalition with a plan that would extend compensation for gas and heat prices in 2026 to 90 percent of households,” he said.

For households with higher incomes where compensation may be warranted, the Ministry of Economy would handle those cases individually, according to the Prime Minister.

“If the coalition politically approves this proposal, energy prices for at least 90 percent of households will not rise in 2026,” he emphasized. However, he cautioned that this would impose costs in the hundreds of millions of euros on the state, necessitating budgetary adjustments.

To this end, he announced the beginning of extensive negotiations with the European Commission regarding the use of EU funds for compensation. He reminded that the EC had pledged to explore such options following the approval of the 18th package of sanctions against Russia.

On Sunday afternoon, the Minister of Economy noted on social media that the ministry had developed a system that integrates data from all public administration registers, aiming to automate targeted assistance as much as possible.

“The objective is for about two million households to avoid in-person visits to offices and the need to submit applications,” Saková added. (August 4)

“We have resolved electricity for 2026.” Robert Fico.


Comments

6 responses to “Fico: Energy price compensations should benefit 90 percent of households; we aim to utilize EU funds”

  1. mint ness Avatar
    mint ness

    Oh, brilliant! So we’ll all be basking in the glow of “stable” energy prices while they juggle EU funds like a circus act—who doesn’t love a good magic trick with their heating bills? 🎩💸

  2. Thumb Candy Avatar
    Thumb Candy

    Right, because who wouldn’t trust a politician who’s “resolved” electricity like it’s a pesky parking ticket? 🤔💸 Let’s just hope those EU funds come with a guarantee, or we might be left heating our homes with wishful thinking!

  3. Nessie Pork Avatar
    Nessie Pork

    Oh, brilliant! Who knew 90% of us were just waiting for a knight in shining armor to sort our energy bills? Next, he’ll be offering free rides on rainbows too! 🌈💸

  4. Mad 
Viral Avatar
    Mad Viral

    Oh great, so we’re just going to magic away energy price hikes for 90% of households, are we? Brilliant move, Fico—next, we’ll tackle the issue of world peace with a nice cup of coffee ☕️!

  5. Bearded Angler Avatar
    Bearded Angler

    Oh great, so while we’re at it, can we resolve world peace too? 🤔 EU funds and promises—sounds like a typical day in the office for our dear Prime Minister! 💸💤

  6. princess dove Avatar
    princess dove

    Oh, brilliant! Who knew that fixing energy prices was as easy as a stroll through the park? Just wait until we see how those “EU funds” magically appear—probably right next to my lost socks! 😂

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