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

Bulgaria stands to lose if it stops exporting electricity: Energy Minister Alexander Nikolov

Energy Minister Alexander Nikolov
Photo: BGNES, archive

“It would only be possible for Bulgaria to stop exporting electricity if we agree not to be in the EU,” Bulgaria’s Energy Minister Alexander Nikolov said in an interview with Nova TV.

“If we stop exporting electricity the price will fall. But the effect will be short-lived. Bulgaria will be fined, and not just that – we shall damage our relations with Romania and Greece in the long term,” Minister Nikolov said.

Electricity prices in Europe on the household market are much higher. “It is a fact that the energy crisis is a crisis for the whole of Europe. With the capacities Bulgaria has we are balancing the entire region,” Alexander Nikolov stated further. He rejected the idea of municipalities and institutions being transferred to the regulated electricity market and promised a different measure that will group them in a separate energy pool.



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

In Washington DC caretaker PM Glavchev stated that Bulgaria is a reliable ally within NATO

During a discussion with US President Joe Biden at the 75 th anniversary NATO summit in Washington DC, Bulgaria’s caretaker Prime Minister Dimitar Glavchev stated that Bulgaria is a loyal and reliable ally. On his part, President Biden expressed..

published on 7/10/24 8:54 AM

Travelling exhibition highlights endangered species in Heraclea Sintica

The travelling exhibition "Traces of Extinction" features casts of the footprints of endangered species in the Rhodope Mountains. The casts are made of biomaterials that replicate the animals' actual forms and habitats, reports BTA. The exhibition will..

published on 7/10/24 7:20 AM

Major repairs to Danube bridge at Ruse begin

Major repairs to the Danube bridge at Ruse begin on 10 July, the Road Infrastructure Agency has announced.  The work will be carried out daily during daylight hours for 10-12 hours a day, depending on the specific work to be carried out, and there..

published on 7/10/24 6:50 AM