Nearly 40% of Bulgarians Unable to Save, Indebtedness Rising
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Electricity Prices Might Soar from October 1 - DKEVR
- Tweet
Send to Kindle
The measure is designed to reduce the debt of Bulgaria's national energy utility. File photo
Energy bills in Bulgaria might gradually go up starting October to cover deficits at the state-owned utility NEK, the state electricity regulator announced.
DKEVR, the energy watchdog, earlier announced the National Electricity Company (NEK)'s debts amount to BGN 2.4 B (EUR 1.2 B) over the past four years.
An abrupt increase of bills is however not envisaged, website Dariknews.bg quoted DKEVR head Boyan Boev as saying.
Price hikes might be introduced on a quarterly basis, a measure already applied for natural gas, heating, and hot water.
Boev underscored any changes could be avoided only if Brussels responded properly to a complaint DKEVR lodged Wednesday regarding state aid granted to two US-owned thermal power plants and to renewable energy producers.
So far the EU Commission has not provided an official answer.
The energy watchdog also suggests that prices for purchasing electricity from the two TPPs be reduced and that the quota of renewable energy bought to be pumped into the system be curtailed.
Related Articles:
Heating Bills in Bulgaria to Rise by 18% in January
Kremen Georgiev, former Executive Director of Toplofikatsiya Sofia (District Heating Sofia) and Chairman of the Association of Toplosation Companies, shared in an interview with BNR, that heating and hot water bills in January will rise compared to Decemb
Society | January 20, 2025, Monday // 12:40
Rise in Counterfeit 100 Leva Bills Noted by Bulgarian National Bank
The Bulgarian National Bank has reported a rise in counterfeit 100 leva bills
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
"Electrohold" Introduces Convenient Online Payment Option for Electricity Bills in Western Bulgaria
Residents of Western Bulgaria serviced by the electricity distribution company "Electrohold" now have a hassle-free way to settle their electricity bills online
Society | March 14, 2024, Thursday // 11:10
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
Deep Black Sea Gas Will Be Bulgaria’s Cheapest, State to Benefit from Concessions
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
Bulgaria Halts Sale of Nuclear Reactors to Ukraine Over Energy Security Concerns
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
Bulgaria Signs Black Sea Oil and Gas Exploration Deal with Shell
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria's Nuclear Energy Potential for AI and Data Centers
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria and Turkey Strengthen Energy Ties to Replace Russian Gas
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
End of an Era: Last Russian Nuclear Fuel Delivered to Bulgaria's Kozloduy NPP
The final shipment of Russian nuclear fuel for Bulgaria's Kozloduy Nuclear Power Plant has arrived
