Tag: Energy prices
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Malta needs cheap electricity: it can’t source it and can’t provide it
The fact that the government is increasing energy and fuel subsidies for next year by around €20 million to €172 million is a sign that Malta is struggling to acquire cheap electricity. The subsidies are indeed are keeping Malta’s electricity rates at the lowest level in the EU. On a year on year this expenditure…
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How is this normal?
Last week, a group of journalists asked Energy Minister, Miriam Dalli how is the government’s energy subsidies sustainable in terms of public finances. She didn’t answer the question, and when she was pressed to answer the question she kept repeating the same refrain that the government will keep subsidising energy prices whatever the cost. Well,…
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On energy hedging and whatnot
So, after having received the news from a foreign source on how much the government is purchasing electricity from Shanghai Electric and Eectrogas under corrupt contracts which were signed by Joseph Muscat, and renewed under Robert Abela, the next step is to know the government’s future plans for energy supply and electricity prices. The Maltese…