Greece, Romania and Bulgaria join forces to fight soaring power prices

·

Greece has joined forces with Romania and Bulgaria to work towards a permanent solution to soaring power prices in southeastern Europe.

Greece’s Energy Minister Theodore Skylakakis said the unified European Union electricity market was not working for the region. Greece has seen a surge in power prices during the summer months when there is high demand for air conditioning and power supply from other interconnected countries is short.

Greece has joined forces with Romania and Bulgaria to work towards a permanent solution to soaring power prices in southeastern Europe.

“Power links are not enough to carry power from the central European market to the southeastern one. This leads to extreme prices on some days, something that cannot be accepted,” Skylakakis told a Greek radio station on Monday.

Greece’s Energy Ministry said in a statement that its joint initiative with Bulgaria and Romania will create “a permanent intervention mechanism whenever extreme prices are recorded.”

Greek Prime Minister Kyriakos Mitsotakis is expected to send a letter to the European Commission on the issue this week.

Source: Reuters.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Dr Christos Theologos: ‘Dance keeps us bound to our roots, from Chios to Sydney’

As part of the Zeibekiko Festival Australia, respected folklorist Dr Christos Theologos will lead a series of lectures and workshops.

South Melbourne turns to supporters ahead of Australian Championship kick-off

The opening clash of the Australian Championship will be an event shaped by the voices of the fans themselves.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

Peta Trimis: The new star of Australian football with a Hellenic soul

At just 19 years old, Peta Trimis is already being hailed as one of the brightest young stars of Australian football.

A second chance at life: Angelo Alateras’ journey from mechanical heart to transplant hope

After years on life support, 80kgs lost, and 615 days of physio, Angelo finally received the gift of a new heart.

You May Also Like

Mayor Steve Christou putting pressure on supermarkets over dumped trolley epidemic

Mayor Christou is championing complaints from local residents living with disabilities who struggle to navigate blocked footpaths.

‘Fight for Faith and Country’: The revolutionary declaration of Alexandros Ypsilantis

The revolutionary declaration issued by Alexandros Ypsilantis in Moldavia on February 24, 1821, marked the beginning of the Greek Revolution.

Stefanos Tsitsipas advances to next round at Barcelona Open

On Wednesday, April 17, the Greek tennis star Stefanos Tsitsipas secured another win at the Barcelona Open Banc Sabadell.