Sofia to urge for European funding for energy interconnections

published on 10/15/24 7:50 AM

Photo: pixabay

EU energy ministers are meeting in Luxembourg to discuss the energy sector's contribution to the EU's competitiveness, wholesale electricity prices and winter preparedness.

At the request of Greece, supported by Bulgaria, Romania and Croatia, a discussion point on the differences in wholesale electricity prices, which are significantly higher in Eastern Europe than in Western Europe, has been added to the agenda.

The initiative includes a proposal to establish a permanent intervention mechanism to deal with extreme price spikes, as South Eastern Europe remains cut off from the rest of the European energy market. The four countries will advocate the allocation of European funds to build missing connections between energy systems within the Community and to modernise the grid to ensure the successful integration of increased amounts of green energy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bulgaria energy eu luxembourg

More from category

LNG terminal in Alexandroupolis is already contributing to competitiveness, says Bulgarian energy minister

The liquefied natural gas (LNG) terminal at Alexandroupolis, of which Bulgaria is co-shareholder, is already contributing to competitiveness in Greece and Bulgaria, but also in the entire region, said caretaker Energy Minister Vladimir Malinov after..

published on 10/9/24 11:45 AM

Japanese business delegation visits Sofia

At a meeting with the ambassador of Japan to Bulgaria Hisashi Michigami, Bulgarian President Rumen Radev welcomed the interest by the Japanese side in the investment and trade potential of Bulgaria. The meeting was attended by proprietors and..

published on 10/9/24 9:21 AM

Low taxes do not solve the state's budgetary problems: CITUB

Bulgaria is going to the sixth early parliamentary elections in less than 4 years, and this hinders the constructive debate and the ratification of an important convention prepared by the International Labor Organization (ILO) and accepted by 44 countries..

published on 10/7/24 2:30 PM