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

Bulgaria's government proposes mechanism for energy compensation

Photo: BGNES

Bulgaria's caretaker government has developed an energy compensation mechanism in a draft law to implement the European regulation to tackle high energy prices. This was stated by the Deputy Prime Minister for Economic Affairs Hristo Alexiev at a meeting of the Energy Crisis Staff. 

The mechanism is expected to be implemented until July 2023. Its emphasis is on preserving the operation of the regulated electricity market for household consumers. The mechanism will be financed through joint contributions from all electricity producers. Producers' excess profits will be taxed and these funds will be used to pay compensation to those in need. 

Consumers of electricity, gas and heating with public functions - schools, kindergartens and nurseries, social homes, etc., will be provided support in order to continue to perform their functions calmly, Alexiev assured.



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

The Constitutional Court admits all five requests for the annulment of the Parliamentary elections

The Constitutional Court has admitted all five requests for the partial or complete annulment of the elections for the 51st National Assembly, submitted by We Continue the Change-Democratic Bulgaria (PP-DB), Vazrazhdane, There is Such a People (ITN),..

published on 11/26/24 5:46 PM

New parking lots with charging stations for electric vehicles open at Sofia Airport

New parking lots with over 1,000 parking spaces, including special areas for people with limited mobility and electric vehicle charging stations, were opened at Sofia Airport today.  The parking lots are divided into short-term and..

published on 11/26/24 3:30 PM

The European Public Prosecutor's Office has charged a Bulgarian citizen with attempted fraud with Chinese agricultural machinery

A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..

published on 11/26/24 2:13 PM