Energy Crisis

PM Golob: Slovenia earmarks EUR 5 billion to ease energy crisis in 2023

PM Golob Slovenia EUR 5 billion ease energy crisis 2023

Photo: Robert Golob / Facebook


September 27, 2022






September 27, 2022





Slovenia will spend almost EUR 5 billion to shield households, companies and the agriculture sector next year from the energy crisis, Prime Minister Robert Golob said. He expressed confidence the measures would lower inflation and make the national economy competitive.

The government will continue the measures to mitigate the impact of surging energy prices, Prime Minister of Slovenia Robert Golob said. Speaking in the National Assembly, he revealed the plan intended for next year, “when the situation will be the worst,” amounts to nearly EUR 5 billion.

Some laws have already been adopted and others are under preparation, in his words. Golob said the aim is to enable Slovenia to get through the winter without major damage.

No one to be left without energy supplier

The regulation is intended to ensure the largest suppliers including state-owned companies would take over the responsibility for all consumers, at regulated prices, and that inflation is driven below 10%, making the economy competitive, he pointed out. The regulated prices introduced on September 1 should be valid through the end of the next year or “as long as necessary,” according to Golob, who stressed “no one will be left without a supplier, much less without supply.”

The new prime minister said it is possible his government would nationalize certain energy companies

The government will earmark EUR 1.5 billion for the business sector and EUR 1.2 billion for households, while the agriculture sector will also receive aid, he said. “We will protect jobs and we will protect people. We will not forget anyone,” Golob stressed.

Golob warns of market manipulation

The prime minister urged for changes in the European Union’s energy market regulation. Golob said the prices of electricity and natural gas are no longer linked to production costs and also warned of financial speculation in the futures market, citing insufficient liquidity.

He also told lawmakers that it is possible the government would soon nationalize some of the energy companies in Slovenia. Radio Slovenia reported that it intends to buy gas supplier Geoplin. The utility’s majority owner is Petrol.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.

PPC Renewables picks Terna biggest solar power plant in Greece

PPC Renewables picks Terna to build biggest solar power plant in Greece

01 December 2022 - The GEK Terna conglomerate gave the best offer for the construction of a 550 MW photovoltaic plant in northern Greece