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

Bulgarian candidate for EU commissioner Ekaterina Zaharieva to be heard by EP

Bulgaria's candidate for European Commissioner for Start-ups, Research and Innovation, Ekaterina Zaharieva , will be heard today by the European Parliament's Industry, Research and Energy Committee.  The hearings for the Commissioner candidates,..

published on 11/5/24 7:15 AM

Sub-zero morning temperatures and cool sunny weather during the day

On Tuesday , the lowest temperatures will be between minus 3° and 2°C, in Sofia - around minus 1°C. During the day it will be sunny, with light to moderate easterly wind. The highest temperatures will reach 10° to 15°C; in Sofia -..

published on 11/4/24 6:50 PM

Minister of Innovation: There was video surveillance in more than 99.5% of the polling stations

Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..

published on 11/4/24 6:05 PM