Snow-Induced Power Outages Hit 20 Villages in Smolyan
Amidst heavy snowfall in the Smolyan region, 20 villages and hamlets grapple with partial or complete power outages due to incidents caused by the severe weather conditions
The State Commission for Energy and Water Regulation (DKEVR) fined the power distributors EVN and Energo-Pro BGN 1 M each, said the commission's head Boyan Boev.
The penalties are the highest possible. By the end of the week the third power distributor in Bulgaria, CEZ, will also be fined with the same sum.
Currently the fines can be contested by the power distribution companies, but, according to Boev, DKEVR's next step will be to strip them off their licenses, unless they pay their debts to the cash-strapped National Electric Company (NEK).
Boev reminded that the deadline for the payment of BGN 318 M to NEK expires today.
Last Friday, NEK filed a claim with DKEVR, stating that the three power distributors owed it a total of BGN 318 M.
DKEVR and the Ministry of Economy and Energy set a deadline of three workdays for the companies to pay the debts.
Meanwhile, over the weekend the three power distributors claimed they pay all their dues in a timely manner and don't owe NEK anything.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022