Energy Expert: Oligarchic Circles and Foreign Lobbyists Dictate Rules in Bulgarian Energy Sector
Martin Vladimirov is an analyst for the Economic Program of the Center for the Study of Democracy.
Former Bulgarian Prime Minister Plamen Oresharski has insisted that the previous socialist-led government paid special attention to the energy sector.
Responding to recent comments on energy, Oresharski pointed out on Facebook that the socialist-led Cabinet had found the energy system in a state of collapse in mid-2013.
"Our efforts were directed towards uncovering reserves within the system instead of increasing end-prices and forcing consumers to finance inefficient units and structures," Oresharski declared.
"We relieved exports of the high transmission fees. We also implemented a part of the structural measures included in the preparations for the forthcoming liberalization of the sector – the spin-off of an independent transmission operator in line with the requirements of EU policy. The balancing energy market was launched. A license was issued to the energy exchange, paving the way for greater competitiveness of the market and greater transparency and price fairness. Despite that, a lot remains to be done in the sector," Bulgaria's former Prime Minister noted.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022