Bulgaria supports the EC in mitigating the effects of high gas prices, but has reservations about the regulation
Bulgaria supports the proposals of the European Commission for a temporary mechanism for the correction of the natural gas market, but the numbers and time interval included in it are inflated and unrealistic.
This states the position adopted by the official government for the participation of our country in the extraordinary meeting of the Council of the EU “Transport, Telecommunications, Energy”, which will be held in Brussels on December 13.
During the meeting, a political agreement is expected to be reached on the creation of a market correction mechanism. The aim is to protect citizens and the economy from excessively high prices.
The Bulgarian position states that our country The European Commission’s support for mitigating the effect of unusually high natural gas prices, but notes that the numerical values and time interval set in the draft regulation are inflated and unrealistic. Pthe proposed maximum natural gas price is high and thus the mechanism could not be triggered even at the record high gas prices that were recorded in August 2022.
In November, the low-lying union’s energy ministers failed to agree on a proposed natural gas price cap of 275 euros per megawatt hour. Now Energy Minister Rosen Hristov has stated that Bulgaria insists on a ceiling of BGN 250, and the optimal option is BGN 200.
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