Bulgaria: Details about Biggest Power Theft in CEZ History
The Prosecutor's Office and the Interior Ministry are continuing the investigation into the large theft of electricity in the Sofia village of Herakovo.
Bulgaria's energy regulator has reiterated its threats to strip Czech power utility CEZ of license should it fail to introduce monthly bills as of August 1.
In April the Czech utility company did not comply with last year's ruling of the State Energy and Water Regulatory Commission to end its three-month power bills by the end of March and was slapped a BGN 500 000 fine.
Following an appeal against that decision, the regulator extended the deadline for the introduction of monthly bills until the end of June.
CEZ, which supplies power to over 2 million households and companies in western Bulgaria, including the capital Sofia, refused to comply with that ruling either, arguing that the shift would mean more expenses and higher bills for the consumers.
According to the company it is not obliged to follow the orders of Bulgaria's energy watchdog because the Supreme Administrative Court has not come up with its decision.
It said it plans to introduce monthly bills as of December 1.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
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"
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