Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

The state to compensate businesses for high electricity prices

Minister of Energy Alexander Nikolov
Photo: archive

“Because of the rising prices on the energy exchange businesses will receive compensations from the state for December, as well as for the first quarter of 2022,” Minister of Energy Alexander Nikolov announced.

The companies which have long-term contracts at a base price of at least 185 Leva (EUR 95) per MWh will receive compensations of 75% of the difference between the electricity exchange price and the price estimate, though not more than 30% of the actual price. Compensations are also envisaged for the district heating utility companies because of the rise in the price of natural gas. The measures announced have to receive approval from the European Commission which has to determine whether the assistance breaks competition rules or not. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The European Public Prosecutor's Office has charged a Bulgarian citizen with attempted fraud with Chinese agricultural machinery

A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..

published on 11/26/24 2:13 PM

GERB party say they will return the first mandate as soon as they receive it

Boyko Boris s ov, leader of the GERB-SDS coalition that won the parliamentary elections on October 27, announced he is withdrawing his candidacy for prime minister. At a briefing at the party headquarters he urged the PP-DB to..

published on 11/26/24 1:43 PM
Borislav Sarafov

Borislav Sarafov has the qualities to be elected Prosecutor General

Borislav Sarafov meets all the requirements and has the qualities to be elected Prosecutor General. This position was taken by the committees on attestation and competitions and on professional ethics at the Prosecutors College of the..

published on 11/26/24 1:18 PM