Bulgaria's government has announced it is resigning after nationwide protests against high electricity prices and austerity measures. This is not the case for GonziPN, as the Prime minister intends to hold on to power for another 35 years, ignoring the silent protests of the Maltese people.
Over the last eight years the cost of electricity per KwH has increased by 254% for families and by 290% for medium sized businesses. The percentage increase is the highest in the business sector and second highest in households.
GonziPN has repeatedly said that it is impossible to lower electricity rates. It does not want to consider a revision of the rates primarily because the Labour Party has said that, when in government it would lower these rates. The Gonzi administration often quotes the price of fuel as the determining factor in establishing local prices and rates. However, rates in other EU countries are mostly lower than in Malta even though the primary source of energy is the same as that of our country.
Comparing the cost of fuel in Malta with that of other EU countries, the prices do not reflect the higher electricity rates. It is obvious that there is some ‘hidden’ charge in the formulae for our utility bills. In the next budget, the government might announce a subsidy to Enemalta to ensure that WE rates are not increased. Such a subsidy would be more appropriately allocated to a reduction of the deficit at Enemalta, one which has been amassed due to gross mismanagement and a bad decision making process. Yet, it is Maltese families and business that have to fund such mistakes.
Electricity in Bulgaria is the cheapest in the EU, but the two private electricity companies, the Czech CEZ and the Austrian EVN, are demanding very high network charges, meaning prices have doubled in a year.
Taking political responsibility, prime minister Boiko Borisov revealed he had decided to go after protesters against rising electricity prices clashed with police in Sofia.