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
The first reading of Energy Act amendments envisaging the establishment of an Electricity System Security Fund is to take place on Tuesday.
The changes were proposed by Bulgaria’s Energy Ministry in a bid to curb the deficit at the National Electric Company (NEK), according to reports of the Bulgarian National Radio.
Energy Minister Temenuzhka Petkova expects that the amendments will stabilize the energy system and pave the way for the introduction of the free electricity market in 2016.
The resources of the Fund will be provided through contributions of electricity producers amounting to 5% of their monthly revenues.
The National Revenue Agency will be in charge of the collection of the installments.
Meanwhile, right-wing formation the Reformist Bloc has proposed that electricity producers publish the terms of the contracts under which they sell electricity in a bid to boost transparency.
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