The Nationalist Party is holding a very underwhelming press conference with Opposition Leader Alex Borg and Energy spokesperson Mark Anthony Sanmut explaining their pledge to reduce electricity bills by a further 30%. The measures do not include macro-economic reforms or new systematic energy plans and projects.
The measures include a list of mitigating price measures with regard to ARMS billing. A measure also includes a reduction in the electricity bill for farmers. The Nationalist Party also pledged a further €60 million investment in solar panels in public buildings.
The government has spent up to €1.5 billion in electricity and fuel subsidies since 2020 to keep electricity and fuel prices low. The Labour government supposedly has a long-term plan to wean off subsidies by transition to non-renewable energy sources but this plan does not exist. The Nationalist Party seems to be in accordance with the government’s strategy, albeit with some minor tweaks.
You can watch the full press conference here.
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