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

Vazrazhdane to insist on receiving the third government-forming mandate

During the consultations with President Rumen Radev on Tuesday, June 25, Vazrazhdane party will insist on receiving the third government-forming mandate. According to the party, this government can be formed by all parliamentary formations except..

published on 6/24/24 6:05 PM

State Railways BDZ to install electronic ticket selling devices on trains

"We are gradually starting to equip the trains with electronic devices for selling tickets," BDZ Passenger Transport manager Ventsislav Slavkov said, quoted by the Ministry of Transport. Such devices are already being used on a pilot basis on the..

published on 6/24/24 3:50 PM

Bulgarian Judges Association urges MPs to set up a new interim committee on the case of Martin Bozhanov aka The Notary

The Bulgarian Judges Association has urged MPs to complete the ongoing fact-checking of undue influence on the judiciary and the prosecution , in order to initiate a recovery process in the judicial power. The largest judges' organisation is..

published on 6/24/24 1:39 PM