Majority of Bulgarians Fear Impact of Green Deal on Electricity Bills
Amid the implementation of measures under the European Union's Green Deal, 64% of Bulgarians have identified the escalating electricity prices as their top concern
Socialist MP Yavor Kuyumdzhiev has assured that the government will do everything possible to prevent electricity prices from increasing.
In a Wednesday interview for the Bulgarian National Radio (BNR), Kuyumdzhiev, Deputy Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), described the request of power distributors for an increase in power rates by 7-9% as absurd and expressed hopes that the energy watchdog, which was to make the final decision, would reject the motion.
He drew attention to the fact that power distributors always wanted to recover their investments within a year and to be provided with state guarantees for that.
Kyuymdzhiev rejected accusations that the Bulgarian Socialist Party (BSP) was trying to postpone an increase in electricity prices after the European Parliament elections in May 2014.
He made clear that an expert group at the government had been tasked with drafting an energy strategy by 2030, adding that the next step would be to extend the projection period by 2050.
Power distributors have requested an increase in electricity prices by 7-9% as of July 1, stressing that the tariffs had been reduced three times in 2013 almost entirely at their expense, according to reports of econ.bg.
Dragomir Stoynev, Minister of Economy and Energy, argued last week that electricity prices were expected to remain unchanged in 2014.
Representatives of the three power distributors operating in Bulgaria have said they will go bankrupt unless electricity prices increase.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU