Home » Business » Exodus From Croatian National Power Company HEP Begins As 1,500 Households Change Providers In A Week

Exodus From Croatian National Power Company HEP Begins As 1,500 Households Change Providers In A Week

More than 1,500 households in Croatia have reportedly signed up to change power providers away from Croatia’s national power company Hrvatska elektroprivreda (HEP), after Slovenia’s GEN-I and Germany’s RWE Energy entered the Croatian market with cheaper deals this week.

Up until now state-owned HEP have had a stranglehold on the local market, but with the news this week that the Slovenian and Germany power providers would be up to 30% cheaper than their Croatian counterparts, there has been an exodus, with more predicted to come.  Daily Vecernji list reports that the average Croatian household will save on average around 8% by signing up with GEN-I or RWE, which in the current times of harsh economic hardship is a significant saving.

GEN-I says that its plan is to gain 50,000 new customers in Croatia by the end of next year, and gain a 17% share of the electricity market within three years.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Croatia Legend Robert Kovač Chases & Catches Mugger in Frankfurt

Former Croatia and Bayern Munich defender Robert Kovač has made the news in Germany for pinning a robber to the floor and handing him over to the police. Kovač (42), who is his brother Niko’s assistant at German club Eintracht Frankfurt, was a hero in an incident on Friday in Frankfurt, Germany. The former centre-back...

Croatia Ranks High on Latest Passport Power Index

The latest Arton Capital’s Passport Index has Croatia ranked in 15th equal place on the power rank index as to which countries can be accessed on their passport. The Croatian passport, which can access 143 countries without the need of obtaining a visa, is ranked 15th, equal with Argentina, Romania, and Bulgaria. The global financial...

Croatian to Fight in Biggest Women’s Boxing Event of 2017

30-year-old Croatian fighter Niki Adler, who fights out of Augsburg, Bayern in Germany, will make her U.S. debut in the what is billed as the biggest women’s boxing event of 2017. Two-time Olympic Gold Medalist Claressa “T-Rex” Shields will challenge for her first world title against WBC Super Middleweight World Champion Nikki Adler, who won...

441,000 Croatians Living in Germany, Latest Stats Reveal

At the end of last year, there were 441,000 people either born in Croatia or with one parent who was a Croatian citizen, living in Germany, according to the latest statistics on Foreigners in Germany which the Federal Statistical Office revealed on Tuesday. The statistics not only captured Croatian citizens now residing in Germany but...