Bulgaria: Employers and Unions Announce National Protest Over Rising Electricity Costs
Employers and trade unions in Bulgaria have announced a national protest on January 15, 202
Photo by BGNES
Trade unions of mine workers have warned they are ready to organize a strike over the lack of funding to ensure the normal functioning of the state-owned Maritsa Iztok Mines, according to Vladimir Topalov, Chair of the miners’ federation at the Podkrepa Labor Confederation.
The three thermal power plants in the Maritsa basin owe the Maritsa Iztok Mines around BGN 330 M, according to reports of the Bulgarian National Radio.
Trade unions have sent a declaration to Bulgaria’s Parliament, the government, the Energy Ministry and the Commission for Energy and Water Regulation (KEVR) in which they oppose the planned power price hike, saying that it will lead to an increase in their production costs.
Valentin Valchev, Chair of the miners’ federation at the Confederation of Independent Trade Unions in Bulgaria, noted that the planned increase in the public service obligation fee from BGN 18 to BGN 41 would lead to an increase in the price per ton of conditional fuel by BGN 2 and to losses amounting to BGN 13 M for the Maritsa Iztok Mines.
The CEO of the state-owned coal mining company, Andon Andonov, said that he had not been informed by the trade unions about preparations for a strike.
He refused to disclose details about the financial condition of the company on the grounds that it could obstruct the provision of a bank guarantee for a loan of the Bulgarian Energy Holding (BEH).
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
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