site.btaEmployers Demand Urgent Government Decision Regarding Compensations for High Electricity Prices

The Association of the Organizations of Bulgarian Employers (AOBE) has sent an open letter demanding an urgent decision by the outgoing government to enact compensations to businesses for the high electricity prices envisaged in the 2022 state budget update.

In the letter AOBE says that the absence of such a decision hinders the signing of agreements between the Energy Ministry and power traders which means the price of electricity charged on non-household consumers will be without the expected compensation. The compensation is applicable to power prices above 250 leva/MWh. 

The missing decision concerns the determination of additional contributions to the Electricity System Security Fund which in turn finances the compensations to non-household consumers in the period from July 2022 to December 2022. 

AOBE warns that invoicing of power consumption by electricity traders starts on August 1. "These invoices will not have any compensations and the invoiced price will be many times above what is economically affordable. Thus, all Bulgarian enterprises and also public institutions such as hospitals, schools, theatres, among others, will have to pay for the political negligence of power-holders who have forgotten their duty," AOBE writes in the letter.