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
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has assured that a possible suspension of the licenses of local power distributors will not affect consumers.
DKEVR member Elenko Bozhkov explained Sunday that there were no reasons to worry about price hikes or power supply disruptions as a result of such a move.
Bozhkov, as cited by the Bulgarian National Radio (BNR) announced that the energy watchdog would hold an open sitting on the case on April 7 and in the case of a failure of the three power distributors (CEZ, EVN and Energo-Pro) to pay their debts to the National Electric Company (NEK) over the next 14 days, the respective decision would be adopted at a closed sitting.
He specified that in the case of a suspension of the licenses of the three power distributors, the law required the appointment of a so-called special manager in charge of the public supply of electricity.
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