Nonetheless, Dalli told Newsbook that the government will continue to monitor the international situation while also offering solutions to Maltese families, as she explained that the state currently absorbs any burden placed on citizens.

Dalli admitted that “an increase in electricity bills could be extremely damaging to the economy but the government will maintain its policy of energy stability.”

This comes only a few days after the government introduced a set of measures to reduce the cost of electricity bills in public institutions. 

The lights on the facades of public buildings will be switched off and the use of air conditioning will be decreased.

She further explained that the price of the interconnecter exceeded 80c per unit last week. Yet, in the face of this, the state will allegedly embrace a policy of stability.

A report has revealed that this year’s electricity subsidy is expected to cost the government €250 million. If the current subsidies remain, there is the possibility that this will increase to €400 million in 2023.

A constant rise in inflation numbers is showing an intense affect both locally and globally – with countries’ access to subsistent needs like food and energy being drastically impeded.

As an affect of such hardships, the University of Malta has had its yearly budget slashed by €1.1 million as part of a government cost-cutting exercise.

This will potentially affect workers and students that rely on the institution especially when considering that 85% of the budget is dedicated to salaries, while 10% is committed to essential services such as utilities, cleaning, periodical subscriptions and software licenses.

What do you think about the global rise in energy prices?