Send to Kindle
Bulgarian Energy Minister Temenuzhka Petkova. Photo: BGNES
A trial launch of the Independent Bulgarian Energy Exchange (IBEX) is expected to take place on Friday.
The aim of the exchange is to ensure that electricity will be sold and purchased at prices determined by the market.
The first participants in the exchange will be Kozloduy Nuclear Power Plant, Maritsa East 2 Thermal Power Plant and hydroelectric power plants, with the other producers to follow suit.
The exchange is expected to start functioning in real conditions from the beginning of next year.
Until the full liberalisation of the energy market, households will be able to choose whether to purchase electricity from the exchange or to stay within the regulated market where the prices are determined by the Water and Electricity Regulatory Commission (KEVR).
Several days ago, Bulgarian Energy Minister Temenuzhka Petkova assured that the process of full liberalisation of the energy market will take place gradually so that users have enough time to make an informed choice.
So far, the market has been liberalised for the large industrial enterprises and medium-sized businesses or around 12 000 users.
Some more time is needed in order for household users and small-sized businesses – a total of five million users, to be able to change their electricity provider.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations
Kiril Vatev, Bulgaria's Minister of Agriculture, has tendered his resignation
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
The Bulgarian government has proposed a significant change to the country's road traffic regulations, aiming to reduce the maximum speed limit on highways from 140 km/h to 130 km/h
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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
