European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
Energy bills in Bulgaria might gradually go up starting October to cover deficits at the state-owned utility NEK, the state electricity regulator announced.
DKEVR, the energy watchdog, earlier announced the National Electricity Company (NEK)'s debts amount to BGN 2.4 B (EUR 1.2 B) over the past four years.
An abrupt increase of bills is however not envisaged, website Dariknews.bg quoted DKEVR head Boyan Boev as saying.
Price hikes might be introduced on a quarterly basis, a measure already applied for natural gas, heating, and hot water.
Boev underscored any changes could be avoided only if Brussels responded properly to a complaint DKEVR lodged Wednesday regarding state aid granted to two US-owned thermal power plants and to renewable energy producers.
So far the EU Commission has not provided an official answer.
The energy watchdog also suggests that prices for purchasing electricity from the two TPPs be reduced and that the quota of renewable energy bought to be pumped into the system be curtailed.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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"
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022