European leaders have called on the European Commission to propose solutions for tackling high electricity prices in Southeastern Europe, following a decision adopted during the European Council meeting on October 17, the government press service said here on Friday.
Impact on Southeastern Europe
The discussion revealed that soaring electricity prices are negatively impacting the economies of Southeast European countries, and measures are needed to address the issue.
Joint Proposal by Bulgaria, Greece and Romania
In response to these challenges, Bulgaria, Greece and Romania sent a joint letter to the European Commission three weeks ago. They requested an analysis of the main reasons behind the expensive electricity in the region and proposed essential steps to address the issue, the government information service said.
The proposal outlines essential steps like building the missing interconnectors between Southeastern Europe and Central and Western Europe. It also seeks to improve the management of electricity flows and boost cooperation among national regulatory bodies to monitor the energy market within the European Union.
The three countries’ Energy Ministers also discussed these issues at a regular meeting of the EU Transport, Telecommunications, Energy Council in Luxembourg on October 15.