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

62% of Bulgarian workers earn less than the living wage

A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..

published on 4/22/25 11:21 AM

"Flower in a Test Tube" – a biotechnology startup that tells the story of the power of the human spirit

"Flower in a Test Tube" is an innovative project that creates a new product using plant biotechnology. But it does more than that—it tells a story about the power of the human mind and heart. The idea comes from Petar Neftelimov, a young man born with..

published on 4/18/25 7:05 AM

Bulgarian household incomes outpace expenses in 2024: NSI data

The annual growth of incomes outpaced that of expenses in 2024. According to data from the National Statistical Institute, in 2024 the average annual total income per household member in Bulgaria reached 12,857 BGN (6,573.68 EUR) and increased by 18.5%..

published on 4/17/25 2:43 PM