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

PM Denkov: We will not allow electricity prices to go up after the liberalization

PM Nikolay Denkov
Photo: gov.bg

The government will not allow a rise in the price of electricity for household users after the full liberalization of the electricity market, Prime Minister Nikolay Denkov said before the start of today’s Council of Ministers sitting. His comment comes in response to the fears that electricity bills will go up, triggered by the amendments to the Energy Act.

“I would like to reassure all Bulgarian citizens that this is not going to happen. A price-formation model is in place which will keep the price of electricity for household users the same up until mid-2024,” the prime minister said. After that, a change is possible on the basis of a decision by the Energy and Water Regulatory Commission. Even then, the price rise would not be by more than a few percent, PM Denkov said. 



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

Rumen Radev

Bulgarian President to hand second mandate to form government

At 11.00 a.m. today, President Rumen Radev will hand over a mandate to form a government to the candidate for prime minister, nominated by the second largest parliamentary group in the 50th National Assembly - that of "We Continue the Change-Democratic..

published on 7/22/24 5:15 AM

High temperatures and precipitation expected on Monday

Clouds will temporarily break by midnight. Sunny weather will prevail across most of the country on Monday before midday. Around and after noon, clouds will develop again.  There will be brief showers of rain accompanied by thunder in places, more..

published on 7/21/24 6:15 PM

Interior Minister and Prime Minister thank Turkish firefighters

I nterior Minister Kalin Stoyanov and Prime Minister Dimitar Glavchev today visited the heavily fire-affected village of Voden and expressed their gratitude to the Turkish firefighters who took part in fighting the wildfires in Yambol region . They,..

published on 7/21/24 4:33 PM