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

EU ambassadors reach agreement on Bulgaria’s entry into Schengen by land

The ambassadors of the EU Member States have reached a preliminary agreement on the draft decision to abolish checks at internal land borders for Bulgaria and Romania. This is planned to happen on January 1, 2025. The decision is expected to be finally..

published on 11/27/24 5:45 PM

Shopping malls vow to step up security after series of aggressive acts

Shopping malls in Sofia and across the country will increase the number of security guards where needed. Additional panic buttons are also to be put in place if retailers wish, the Bulgarian Retail Association said. Groups of suspicious persons will be..

published on 11/27/24 4:44 PM

Bulgaria is 3% away from entering the US Visa Waiver Program

The U.S. Department of State today released the data for the refused type B visas for the financial year 2024. For Bulgaria, this percentage is 6.02%, which marks a significant decrease compared to last year, when it was 11.61%. This is the lowest..

published on 11/27/24 4:09 PM