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
Photo by EPA/BGNES
Electricity prices for the industry in Bulgaria are 20-30% higher than in Greece, which imports electricity from Bulgaria, according to Konstantin Stamenov from the Bulgarian Federation of Industrial Energy Consumers (BFIEC).
Speaking at a public discussion on a proposal to increase electricity prices as of October 1, he condemned the practice of shifting the burden stemming from attempts to offset tariffs for household consumers onto the business sector.
Stamenov, as cited by investor.bg, opposed the increase in the so-called “obligation to society” component, stressing that the measure would not solve the problems in the renewable energy sector but would have a negative impact on the business sector.
He condemned attempts for piecemeal solutions and called for the publication of comprehensive measures addressing the problems in the sector.
Yanko Petrov from the “Movement for Civic Control” insisted that the State Commission for Energy and Water Regulation (DKEVR) was illegitimate and objected to the proposal for a power price hike.
Petrov underscored that the poor financial condition of Bulgaria’s state-owned National Electric Company (NEK) was not a problem of the citizens.
The public discussion was briefly interrupted after a representative of the “Movement for Civic Control” threw eggs at the DKEVR members.
The disturbance caused police officers to take the representatives of the movement out of the room.
During the discussion, a number of civic organizations voiced their objections to the proposed power price hike, calling for alternative solutions to the problem.
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
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