site.btaGovernment Adopts Programme for Compensation of Non-Household Electricity Consumers

October 21 (BTA) - On Thursday, the government adopted a
programme for compensation of nonhousehold consumers of
electricity, caretaker Prime Minister Stefan Yanev told a news
briefing at the Council of Ministers.

Yanev said that the programme will extend to over 630,000 small
and medium-sized businesses which will receive 110 leva per 1
MWh in compensation. The money will be allocated automatically
based on a contract between the Energy Ministry and electricity
traders, suppliers of last resort, energy producers and
operators on the regulated electricity market, said Yanev.

According to him, the compensation will be calculated based on
the electricity consumption in MWh and the fixed support rate.

The programme will make available a total of 450 million leva in
 the period from October 1 to November 30 2021 and the
compensation will be paid by the end of 2021. The support
measure complements other interim measures undertaken at a
national level in order to improve the transparency and the
operation of the energy market and enhance regulatory control,
said Yanev.

The funding under the programme will be provided under the state
 budget from the Kozloduy N-plant. Over the coming years, the
amount will be deducted from the dividend owed by the Bulgarian
Energy Holding. RY/PP


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