Weather In Bulgaria On April 30: Cloudy with Rain and Thunderstorms Expected
Over the next 24 hours, much of the country will experience significant cloudiness, accompanied by widespread rain in Central and Eastern Bulgaria
The Еnergy and Water Regulatory Commission held a closed sitting Monday and took the decision of extending the term at which electricity prices would remain intact.
They will mark an slight increase, however, starting August. The law amendment concerning energy distribution in Bulgaria has been voted late last week.
According to the decision of the Bulgarian energy regulator, the ministers of finance and energy will issue an order for the decrease of the required input from renewable sources.
According to energy distribution companies in Bulgaria, severe losses have been incurred by them and one of the main reasons has been the obligation they have to purchase the still relatively expensive renewable energy.
As a result, the Commission will be expecting the legislative organs to create more opportunities for optimization of the expenses and thus allow for an increase in prices for industrial consumption starting August. Additionally, the ministry will need to order inspections at local water power plants and perhaps order the closing of some as they don’t comply with all legislative requirements.
This is a move that if put into practice would largely benefit power plants with high percentage of foreign investments, including Maritsa Iztok.
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Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
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
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