Maltese Government Working Hard To Keep Energy Prices Stable For Families & Businesses

The Maltese government has reaffirmed its commitment to maintaining stable energy prices for both households and businesses, despite ongoing volatility in international markets.

During a high-level meeting held at the Delimara Power Station, Prime Minister Robert Abela, alongside Energy Minister Miriam Dalli, engaged with key stakeholders from Enemalta, Enemed, Interconnect Malta and the IESC. The discussion focused on Malta’s preparedness to address external energy shocks and ensure long-term stability in both supply and pricing.

The government outlined a series of measures currently in place, including financial support for families, hedging agreements with international banks, and strategic storage plans.

These initiatives are designed to safeguard the country from global price fluctuations while ensuring a consistent and reliable energy supply

Officials highlighted that, while many European countries are experiencing sharp increases in energy costs and supply challenges, Malta has managed to maintain stable prices.

This stability is attributed to early strategic decisions, sustained investment, and prudent financial management, which have allowed the government to absorb external pressures without passing on additional costs to consumers.

Minister Miriam Dalli noted that Malta remains one of the few European countries implementing a hedging system for fuel, enabling the country to lock in prices in advance and reduce exposure to market volatility. She also emphasised that government subsidies continue to play a key role in keeping fuel prices significantly lower than the European average.

Looking ahead, the government will continue engaging with social partners through the MCESD to provide further transparency on its energy strategy and ongoing preparations. The overarching objective remains clear: to protect households and businesses while ensuring long-term energy security and economic stability.

#MaltaDaily