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
Svetla Todorova, Chair of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR), has suggested that a 10% power price hike as of October 1 is the socially tolerable limit.
In a Monday interview for the morning broadcast of bTV, she claimed that there were preconditions for a price hike of up to 50% but such a move was socially unacceptable and nobody was likely to come up with such a proposal.
Todorova clarified that a power price hike of up to 50% would mean that the authorities had decided that all of the deficits in the energy system, most notably the debts of the National Electricity Company (NEK), could be covered through higher electricity prices.
The DKEVR Chair added that such a scenario would mean that the state had abdicated its responsibility in the sphere.
Speaking ahead of a final decision on power tariffs scheduled for Tuesday, she emphasized that electricity prices would most probably increase by 10% as of October 1, in line with the decision of DKEVR.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink