A plan has been outlined to shut down coal and fossil power plants by 2028, while the country’s green agenda includes investment in 1,600 megawatt (MW) of photovoltaic power plants and about 600 megawatt (MW) of wind farms, Prime Minister Zoran Zaev told Telma TV on Wednesday.
He added that the Government has reduced the VAT on electricity due to the liberalized electricity market.
“We want to avoid prices to drastically affect the citizens. The pandemic is still here, we must take care of the people. We could have used the VAT money for political purposes, but we gave it up so that the price of electricity doesn’t increase and come as a blow to households,” said Zaev.
He pointed out that the market value of electricity is more than double the price of that supplied by state companies.
“Due to climate change, global electricity production from renewable energy sources has increased, coal and fossil power plants are shutting down, and investment in new sources costs money,” Zaev noted.
