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
Energo-Pro has become the second power distributor to sue Bulgaria at the World Bank's arbitrary court.
The Czech company has announced that it has lodged a claim with the International Center of Settlement of Investment Disputes, which could be launched in case of failed arbitration, Energo-Pro's sources have informed Bulgarian newspaper Trud.
Last year, EVN, which provides electricity to the south of Bulgaria, also filed a case at the World Bank's court.
The State Commission for Energy and Water Regulation (what DKEVR stands for) has cited "threats to energy security" as a reason.
It claims that debts to be covered by the power distributors are worth BGN 350 M (EUR 175 M).
The companies, however, refute allegations of any liabilities to NEK, explaining that NEK actually owes them compensations for uncollected renewable energy taxes.
Power distributors now have a 7-day deadline (until Friday) to make payments if they wish to keep their licenses.
Economy Minister Dragomir Stoynev announced earlier on Wednesday that NEK has not received anything from the distributors.
The three power distributors have not yet come up with official statements on their plans by the end of the week.
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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