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Bulgarian President expects the European Commission to react to the speculation with electricity prices

Photo: EPA/BGNES

Bulgaria's President Rumen Radev said the European Commission had not found the reason for the sharp rise in electricity prices in the European Union. After the European Council meeting, he told reporters that the energy market estimates presented did not help to come to a general conclusion about what was driving prices up.

"In my opinion, the reports are not in the necessary depth, because they say that speculation has not been discovered," the president said. He pointed out that the prices of coal and nuclear fuel are the same, and it is not clear where the increase in international prices comes from. "We expect this analysis to continue," Radev added.

The President said that the high price of carbon emissions of 90 euros per tonne stopped the development of energy and this problem needed to be addressed.

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