Sofia to urge for European funding for energy interconnections

published on 10/15/24 7:50 AM

Photo: pixabay

EU energy ministers are meeting in Luxembourg to discuss the energy sector's contribution to the EU's competitiveness, wholesale electricity prices and winter preparedness.

At the request of Greece, supported by Bulgaria, Romania and Croatia, a discussion point on the differences in wholesale electricity prices, which are significantly higher in Eastern Europe than in Western Europe, has been added to the agenda.

The initiative includes a proposal to establish a permanent intervention mechanism to deal with extreme price spikes, as South Eastern Europe remains cut off from the rest of the European energy market. The four countries will advocate the allocation of European funds to build missing connections between energy systems within the Community and to modernise the grid to ensure the successful integration of increased amounts of green energy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bulgaria energy eu luxembourg

More from category

Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Bulgaria H.E. Ms. Dai Qingli

H.E. Ms. Dai Qingli: Bulgaria and China have practical cooperation which we are hoping to deepen

Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of Bulgaria, as this country was then called, exchanged ambassadors, developing full-scale relations –..

published on 9/11/24 1:09 PM

The project for the construction of Sofia Airport Terminal 3 has been presented

The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero, CEO of Sofia Airport operator. Speaking at the presentation of the future Terminal 3,..

published on 9/10/24 12:56 PM

Bulgaria takes on new debt of 3 billion euros and 1.5 billion dollars

Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..

published on 8/29/24 6:30 PM

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 6 | Max: 19

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Japanese-Bulgarian business forum is being held in Sofia

A Japanese-Bulgarian business forum is being held in Sofia, organized jointly by the Japan External Trade Organization (JETRO ) and the Bulgaria Invest..

published on 10/15/24 12:11 PM

Share

EU energy meeting in Luxembourg