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

Energy Minister does not rule out the possibility that electricity will rise from 1 July

Photo: BGNES

Caretaker Energy Minister Vladimir Malinov has admitted the possibility that electricity for households might rise in price from 1 July this year. The reason for this is the accumulated deficit in the "Security of the electricity system" fund.

"At the moment it is over BGN 450 million and it is expected to reach around BGN 550 million by the end of the regulatory period, which will end in June. There is no way this accumulated deficit will not affect the price," the minister told BNT. He added, however, that there is still enough time to propose "the right measures".
Vladimir Malinov also said that Bulgaria is negotiating with Azerbaijan to increase natural gas supplies to Bulgaria via Turkey as well, not only via Greece. 

Currently, about 35% of the country's blue fuel comes from the Caspian Sea via the so-called "Southern Gas Corridor". 



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

European Public Prosecutor's Office conducts searches in four Bulgarian cities for alleged fraud with EU funds

At the request of the European Public Prosecutor's Office, searches have been carried out in Sofia, Burgas, Petrich and Rila in connection with an investigation into alleged fraud with EU funds in the restoration of a church. In 2017, a public tender..

published on 11/22/24 1:42 PM

National Statistical Institute: Bulgarians aged 25 to 44 travel most

One million and eight hundred Bulgarian citizens travelled as tourists during the third quarter of the year, National Statistical Institute data show. 72.3% of them travelled inside the country, 20.8% travelled abroad and 6.9% - both inside Bulgaria..

published on 11/22/24 12:09 PM
Rumen Radev at the business forum in Singapore

Rumen Radev in Singapore: Investing in people and partnership are the key to the future

“Investing in people, education, innovations and technologies is the key to success in the future,” said President Rumen Radev at the opening of the business forum in Singapore, in which representatives of companies from Bulgaria and Singapore are..

published on 11/22/24 10:17 AM