Rem-Gelma Pact

The Rem-Gelma Pact (Sconic Pakta Rem-Gelma) is a treaty between electricity monopolist Edin Gelma and New Scania's president Mars-Iulius Rem. The treaty was signed on Saturday, 22 September 2018 and its purpose is the regulation of the electricity prices in New Scania.

Negotiations
In the morning of September 20, 2018, Gelma and Sconic president Mars-Iulius Rem met for politico-economic negotiations anent a firm electricity price. Rem wanted to save electricity provision also for poorer Sconics, in fear that Gelma could raise the prices even higher, than he did since July 2018.

Regulation
On September 22, the two came to an understanding, so that Gelma was promised tax deregulations for his concern and state subsidies and therefore must lower the general electricity prices per kilowatt-hour and must not raise it above 5% of the new price. Furthermore, the ministry of economy can alter the price with a future request by the concern.

Determination of withdrawal
If Gelma does not maintain the pact's regulations, heavy economic sanctions by the government are possible. The treaty can only be suspended, if the Supreme Council, Rem and Gelma agree to its abolishment. Otherwise, it is possible for both parties to opt out of the treaty after exactly five years.