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

Bulgaria's government proposes mechanism for energy compensation

Photo: BGNES

Bulgaria's caretaker government has developed an energy compensation mechanism in a draft law to implement the European regulation to tackle high energy prices. This was stated by the Deputy Prime Minister for Economic Affairs Hristo Alexiev at a meeting of the Energy Crisis Staff. 

The mechanism is expected to be implemented until July 2023. Its emphasis is on preserving the operation of the regulated electricity market for household consumers. The mechanism will be financed through joint contributions from all electricity producers. Producers' excess profits will be taxed and these funds will be used to pay compensation to those in need. 

Consumers of electricity, gas and heating with public functions - schools, kindergartens and nurseries, social homes, etc., will be provided support in order to continue to perform their functions calmly, Alexiev assured.



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

Sunshine, rising daytime temperatures expected on Monday

On Monday the weather will be mostly sunny, in the afternoon there will be scattered high clouds. Almost quiet weather is expected. Minimum temperatures will be mainly between minus 3°C and 2°C, slightly lower in the valleys of western Bulgaria, in..

published on 11/24/24 6:15 PM
Rumen Radev in Vietnam

President Radev meets with Vietnamese citizens who studied and worked in Bulgaria during his Vietnam visit

Rumen Radev's visit to Vietnam began with a meeting with the community of Vietnamese citizens who have studied and worked in Bulgaria - representatives of the Vietnam-Bulgaria Friendship Association. Hundreds of Vietnamese citizens are members of the..

published on 11/24/24 5:00 PM
MP Nadezhda Yordanova from PP-DB

PP-DB MP Yordanova: There is no agreement with GERB for a governing majority and posts

The deputy from "We Continue the Change - Democratic Bulgaria" Nadezhda Yordanova has denied the information that an agreement was reached with GERB - SDS for the formation of a governing majority , on the basis of which Atanas Atanasov from the..

published on 11/24/24 4:01 PM