Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

President Radev vetoes liberalization of household electricity market

| updated on 10/19/23 11:23 AM
Rumen Radev
Photo: BGNES

President Rumen Radev has vetoed the amendments to the Energy Act, by force of which the electricity market for household consumers will be fully liberalized by 2026.

“The standard of living for the majority of Bulgarian citizens remains the lowest in the EU, and the planned changes could make things even more difficult for the people who are finding it difficult to meet their basic living expenses,” the motives read. The president expresses doubts whether the transition period set down, during which as of 2024 household consumers will receive compensation, and in which a full liberalization of the market will be put in place at the end of 2025, will be effective. Rumen Radev also warns that closing down the public provider will lead to the swift closure of the Maritza Iztok mines. 

PM Nikolay Denkov
“There is no risk of a sharp rise in prices,” said Prime Minister Nikolay Denkov in a comment on the veto by the president. “This liberalization had to happen, the regulation is from 2019. Bulgaria is running significantly late with regard to the agreements it has signed,” the Bulgarian prime minister said further. 



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

Drop in temperatures expected on Sunday

On Sunday, the minimum temperatures will be from 10 to 15°C. In Sofia, it will be around 12°C. A cold front will pass through the country. Cloudiness will be variable, often significant, and from west to east there will be short, temporarily intense..

published on 3/15/25 6:15 PM
PM Rosen Zhelyazkov

Prime Minister says Bulgaria ready to participate in peace and security solution in Ukraine

Europe must continue to plan in a collective and coordinated manner its next steps in ensuring a just and lasting peace in Ukraine . Together with our European and transatlantic partners, Bulgaria is ready to participate in the peace and security..

published on 3/15/25 5:35 PM

ING bank: Changes in the Bulgarian parliament are a new uncertainty for the eurozone

Political stability in Bulgaria continues to be crucial for the adoption of the euro in 2026, writes ING think, the analytical unit of ING bank. The analysis is titled “Monitoring Bulgaria: Euro adoption is looming, but not yet a fact,” BTA reported...

published on 3/15/25 3:35 PM