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

Bulgaria stands to lose if it stops exporting electricity: Energy Minister Alexander Nikolov

Energy Minister Alexander Nikolov
Photo: BGNES, archive

“It would only be possible for Bulgaria to stop exporting electricity if we agree not to be in the EU,” Bulgaria’s Energy Minister Alexander Nikolov said in an interview with Nova TV.

“If we stop exporting electricity the price will fall. But the effect will be short-lived. Bulgaria will be fined, and not just that – we shall damage our relations with Romania and Greece in the long term,” Minister Nikolov said.

Electricity prices in Europe on the household market are much higher. “It is a fact that the energy crisis is a crisis for the whole of Europe. With the capacities Bulgaria has we are balancing the entire region,” Alexander Nikolov stated further. He rejected the idea of municipalities and institutions being transferred to the regulated electricity market and promised a different measure that will group them in a separate energy pool.



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

Temperatures rise up to 37°C

Sunday will be sunny and hot. There will be weak to moderate northeasterly wind. Temperatures will continue to rise and the highest will be between 32°C and 37°C; in Sofia – around 32°C. It will be also sunny in the mountains. In..

published on 7/6/24 6:05 PM
Ahmed Dogan

Ahmed Dogan convenes meeting of party members, Delyan Peevski is not invited

The honorary chairman of the Movement for Rights and Freedoms, Ahmed Dogan, has organised a meeting of some of the party members in his summer residence "Rosenets", bTV reported. The MPs and members of the movement who supported him,..

updated on 7/6/24 5:12 PM

NATO Permanent Commission will not participate in the Breeze 2024 naval exercise

For the first time, the NATO Permanent Commission will not participate in the National Naval Exercise "Breeze - 2024" because of the different situation we are in, announced the Commander of the Naval Forces in Bulgaria, Rear Admiral..

published on 7/6/24 5:11 PM