Bulgaria Shields Businesses from High Electricity Costs Until March
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
Bulgarian renewable electricity producers have requested a meeting with Minister of Economy and Energy Dragomir Stoynev to present him with their side of the story of a standing controversy in Bulgaria.
Producers have expressed their fear that Stoynev "might be mislead" by some actors in the field of energy production.
They said they want to discuss with the minister "the continuing racketeering by the Bulgarian Electricity System Operator on some businesses."
They also argued that while some have talked about a "collapse of Bulgaria's energy system" due to inadequate demand, the Electricity System Operator has increased the capacity of some conventional power stations.
The perception of low demand has led Bulgaria's former caretaker cabinet, led by ex PM Marin Raykov, to introduce a decrease of the energy production capacity of renewable sources.
This measure was recently reversed by Bulgaria's new government chaired by PM Plamen Oresharski.
The high price of electricity was among the key grievances voice by large street protests that toppled the cabinet of former Bulgarian PM Boyko Borisov in February.
There was and still is a perception in Bulgaria that the inefficient implementation of renewable energy sources into the country's grid is among the key reasons for high power prices.
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
Energy experts and economists have urged the Bulgarian government to consider purchasing the Lukoil refinery in Burgas
Azerbaijan has resumed natural gas supplies to Bulgaria under its long-term contract with Bulgargaz, the Bulgarian company announced
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability