Sofia to urge for European funding for energy interconnections

published on 10/15/24 7:50 AM

Photo: pixabay

EU energy ministers are meeting in Luxembourg to discuss the energy sector's contribution to the EU's competitiveness, wholesale electricity prices and winter preparedness.

At the request of Greece, supported by Bulgaria, Romania and Croatia, a discussion point on the differences in wholesale electricity prices, which are significantly higher in Eastern Europe than in Western Europe, has been added to the agenda.

The initiative includes a proposal to establish a permanent intervention mechanism to deal with extreme price spikes, as South Eastern Europe remains cut off from the rest of the European energy market. The four countries will advocate the allocation of European funds to build missing connections between energy systems within the Community and to modernise the grid to ensure the successful integration of increased amounts of green energy.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy bulgaria energy eu luxembourg

More from category

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..

published on 5/11/25 12:25 PM

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 12 | Max: 32

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

The euro is a guarantee of stability, says Minister of Economy Petar Dilov

The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business..

published on 6/7/25 11:03 AM

Share

EU energy meeting in Luxembourg