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

Published

September 27, 2022

Country

Comments

0

Share

Published:

September 27, 2022

Country:

Comments:

0

Share

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

GEK Terna signs solar power PPAs with PPC, RWE in Greece

GEK Terna signs solar power PPAs with PPC, RWE in Greece

08 June 2023 - Electricity supplier HERON and Meton Energy have signed power purchase agreements (PPAs) for three solar power projects in Greece

Rumen Radev Hydrogen investor becomes Bulgaria s new energy minister

Hydrogen investor becomes Bulgaria’s new energy minister

08 June 2023 - Bulgaria's new Minister of Energy Rumen Radev is a director of Holding Zagora, which participates in the Stara Zagora hydrogen valley project

Hidroelectrica-IPO-Bucharest-Stock-Exchange-July

Hidroelectrica to conduct IPO on Bucharest Stock Exchange in July

07 June 2023 - Fondul Proprietatea intends to sell most of its 19.94% ownership of state-owned Hidroelectrica or the entire stake

Albania, Republic of Srpska sign agreements for activating national guarantees of origins registries

Albania, Republic of Srpska roll out registries for guarantees of origin

07 June 2023 - Now they can start issuing GOs and engage in trading in line with EU rules, the Energy Community Secretariat said