Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
The forthcoming liberalization of the energy market in Bulgaria is likely to lead to an increase in the prices of the electricity in the country.
This was stated by Bulgarian Energy Minister Temenuzhka Petkova in an interview for the Bulgarian National Radio (BNR) on Sunday.
The hike in electricity prices could be expected immediately after the liberalization, which will take place from the beginning of next year.
Petkova was not in the position to give any figures of the likely increase, with the price eventually to be determined by the market.
According to her, no one is able to forecast what the price of electricity will be after the full liberalization of the energy market.
The international experience showed that in the first months after the liberalization, there was a trend for a slight increase of electricity prices, which was followed by a decrease.
She informed that a trial start of the Independent Bulgarian Energy Exchange (IBEX) will be given on December 11.
The minister explained that the full liberalization of the electricity market will take place gradually throughout next year as had been recommended by the World Bank.
The recommendation was issued due to the large number of energy poor households in Bulgaria.
Petkova assured that there were no grounds for concern regarding the country’s gas supplies.
In her words, there were regular gas supplies to Bulgaria both on the national gas distribution system and the transit gas network.
The minister noted that Bulgaria had two different plans for action, which could be implemented in the event of problem with the supplies.
One of them foresees increasing the extraction capacity from the Chiren gas storage to a maximum level, while the other involves the transit of natural gas from Greece to Bulgaria.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022