“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.