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

Vice President Iliana Iotova

Vice President Iotova calls for leadership meetings to form a government

''It is important that Bulgaria emerges from timelessness'', Vice President Iliana Iotova said with regard to the negotiations for forming a government in Bulgaria . ''We should wait for the end of the government formation negotiations and see what..

published on 6/18/24 1:32 PM

Bulgaria to invest more than $2.3 billion in defence by the end of 2024

Bulgaria will invest 2.18 per cent of its GDP in defence this year , according to documents released by NATO ahead of its July 2024 summit in Washington.  The country's 2024 defence spending is expected to be $2.325 billion , up from $1.992 billion..

published on 6/18/24 11:18 AM

Petrohan Pass still closed to lorries over 12 tonnes

The ban on heavy goods vehicles travelling through the Petrohan Pass remains in for ce, according to the Road Infrastructure Agency, which said there was no order to change the traffic rules. A new protest by local residents against the opening of..

published on 6/18/24 11:03 AM