Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The decision was supported by 185 MPs from all parliamentary groups, as five abstained. The power system security fund has EUR 236 million. With the introduction of the compensation from July 1, a financial resource of another EUR 115 million will be needed.
Before the vote in parliament, the government extended the mechanism for seizing the so-called excess profits of energy companies until the end of 2024. The ceiling on the price of electricity at the Kozloduy NPP is 75 euros per megawatt hour, while for coal plants it is 150 euros. The money above these thresholds goes to the "Security of the Electricity System" fund.
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
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