Bulgarian government presents its measures in support of the energy sector

Bulgarian government presents its measures in support of the energy sector

Bulgaria's caretaker cabinet is working to ensure access to electricity in the best possible price range for all consumers. This was announced by Prime Minister Stefan Yanev at a briefing at which the measures planned by the caretaker government in the energy sphere were presented. He said that in the last two months Bulgaria had some of the lowest sustainable prices in the EU, emphasizing that high energy prices were due to international factors.

The financial support scheme developed by the government provides for compensation of BGN 50 (EUR 25.56) per megawatt hour spent due to high electricity prices. This mechanism will be included in the budget for the first 6 months of 2022. It is also planned to operate a clearing house in the interest of consumers and traders of electricity. It will balance their interests and the market will become more flexible.

Stefan Yanev stressed that Bulgaria's energy strategy was outdated. He called for an expert discussion on the future of the Belene NPP, in which specialists would participate, BGNES reported.

For household consumers of electricity, heating and hot water, a change in current prices will not be made before the end of this year, the Chairman of the Energy and Water Regulatory Commission Ivan Ivanov stated.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.