Minister for the Environment, Energy and Enterprise Miriam Dalli, has stated that, “the Government is allocating 10% of its 2023 Budget to ensure stable energy bills and fuel prices because we do not want families and businesses to relive the economic hardships of the 2008 energy price hikes.”

The Minister explained that for this year and next year, the Government will be allocating around €1 billion to cushion the impact of international energy prices on water and energy bills and fuel prices, ensuring stability in these critical costs for families and businesses.

She said that the 2023 Budget also affirms the Government’s commitment to adopt offshore renewable energy technologies.

The Minister explained that next year the Government is inviting the private sector to invest in renewable energy systems in Maltese waters.

“It will also continue working on the studies and permits required for the development of the second Malta-Italy electricity interconnector, a €160 million investment to augment the country’s security of supply, while providing the required spare capacity and resilience to meet fluctuations from existing and future wind and solar energy sources,” concluded Minister Dalli.

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