The increase in the price of electricity from July 1 will be mitigated with funds from the state budget

Energy / Bulgaria
3E news
413
article picture alt description

"I want to reassure the Bulgarian population that there will be no significant increase in the price of electricity for household consumers. We had a meeting together with Prime Minister Glavchev and the Minister and Deputy Prime Minister of Finance regarding securing a financial resource from the state budget to cover the accumulated deficit in the "Security" fund of the electricity system. I am confident that based on my report, which I will submit to the Council of Ministers, this deficit will be covered. This will reduce the price increase and minimize this effect."

This was stated by the Acting Minister of Energy Vladimir Malinov in the program "120 minutes" on bTV.

"I also held a meeting with the management of the Bulgarian Energy Holding and the Kozloduy NPP, and we are confident that, based on an additional analysis that they will perform, on Monday they will submit a new application with a significantly lower percentage of the price increase that will be demanded from the Kozloduy NPP in the mix of the regulated market," added Malinov.

Regarding the liberalization of the household retail market, the minister was adamant that this is an irreversible process. This liberalization will take place from January 1, 2026. Therefore, in the time of a year and a half, which is ahead of the full liberalization, it should be used to teach the population how to manage their accounts, Malinov believes. The reason is that in the free market there are hours when the price of electricity will be very low and those with very high prices. People will have to monitor these factors and judge wisely when to spend more energy and when to spend less, it became clear from the words of Minister Malinov.

A little earlier on Sunday, it became clear that the minister will make a working visit to the USA. The main topic of the talks will be the financing of Bulgarian energy projects such as the construction of a new unit at the Kozloduy NPP and investments in the gas sector.

Tags:

Comments

More from Bulgaria:

Предишна
Следваща