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

Rumen Radev on board the frigate Drazki, 12 July, 2024

On board Drazki frigate President Radev calls for the modernization of the Bulgarian navy to continue

President Rumen Radev called for the processes of modernization of the navy to continue. On board the frigate Drazki in the Black Sea, the president, the Deputy Minister of Defence Radostin Iliev and the commander of the Bulgarian navy rear admiral..

published on 7/12/24 1:27 PM
Commissioner for Innovation, Research, Culture, Education and Youth Iliana Ivanova

European Commissioner Iliana Ivanova: Frequent elections are not a good sign

"It is important for us to stand firm and instill confidence in our European partners, and this frequent change of governments, frequent elections, does not send a good signal", Commissioner for Innovation, Research, Culture, Education and Youth..

published on 7/12/24 11:23 AM
President Rumen Radev

President Radev to hand the second governing-forming mandate next week

President Rumen Radev is to hand the second governing-forming mandate next week. ''I expect We Continue the Change - Democratic Bulgaria (PP-DB) to clearly state whether they will be an opposition or will seek support for forming a government'',..

published on 7/12/24 10:16 AM