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
EVN has requested that renewable energy plants connected to its power grid in Bulgaria dwindle production capacities by 60%.
The decision will be in force on Wednesday. It is unknown whether it is related to a dispute between the state electricity company and power distributors in Bulgaria.
The power distributor operating in South-Eastern Bulgaria has taken the move after demands by the state Energy System Operator (ESO), Expert.bg has reported.
ESO has the authority to announce the measure, which comes amidst a dispute between power distributors and the state National Electricity Company (NEK).
EVN also declared that if renewable energy plants do not keep up to the instructions by ESO, it might disconnect them from its grid.
On Wednesday, Bulgaria's State Commission for Energy and Water Regulation is to decide on a procedure for the termination of the licenses of the three power distributors.
The 3-day deadline set by Economy and Energy Minister Dragomir Stoynev expired and the independent energy watchdog for the payment of BGN 318 to the National Electric Company (NEK) by power distributors CEZ, EVN, and Energo-Pro expired on Tuesday.
Power distributors, on their behalf, refute claims that they owe anything to NEK, insisting they are at a loss by renewable energy producers, who do not have to pay taxes to them according to the new legal framework.
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