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

The state to compensate businesses for high electricity prices

Minister of Energy Alexander Nikolov
Photo: archive

“Because of the rising prices on the energy exchange businesses will receive compensations from the state for December, as well as for the first quarter of 2022,” Minister of Energy Alexander Nikolov announced.

The companies which have long-term contracts at a base price of at least 185 Leva (EUR 95) per MWh will receive compensations of 75% of the difference between the electricity exchange price and the price estimate, though not more than 30% of the actual price. Compensations are also envisaged for the district heating utility companies because of the rise in the price of natural gas. The measures announced have to receive approval from the European Commission which has to determine whether the assistance breaks competition rules or not. 



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

Bulgaria and Spain discuss their cooperation in Antarctica

A seminar titled ''Science in Antarctica - Bulgaria and Spain in Antarctica'' will be held today at the Egg Hall of the Sofia University "St. Kliment Ohridski". The Bulgarian Antarctic Institute said that the seminar aims to present the origins,..

published on 10/3/24 7:05 AM

Daytime temperatures on the rise, no precipitation on Thursday

On Thursday , the minimum temperatures will be between 5 and 10°C, in Sofia 6°C.   The day's highs will be from 23°C to 28°C , in the capital it will be 25°C.   During the day it will be sunny with scattered high clouds. It will become..

published on 10/2/24 7:35 PM

Prime Minister Glavchev: Currently there is no threat to the security of the country

At present, there is no information indicating a threat to the security of Bulgarian citizens. However, enhanced security measures have been taken in the country and security has been provided at strategic locations. This was announced after the end..

published on 10/2/24 7:20 PM