Bulgaria Delays Household Electricity Liberalization Amid Price Concerns
Lawmakers in Bulgaria have decided to delay the liberalization of household electricity prices through amendments to the Energy Act
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
File photo, BGNES
There is a need to encourage energy liberalization in Bulgaria, particularly in the electricity market, a paper on energy reform in the country says.
"State investment may be flooding in but foreign direct investments are few and far between. While private investment could speed the process of liberalisation, individuals are being discouraged by fears of regional uncertainty and allegations of corruption," according to the text published on The Lawyer website which presents the views of several managing partners at law firms.
Mention is made of investment projects in the area such as the Balkan Gas Hub, which the government hopes to promote in order to turn into a center for gas distribution into Europe.
The text is available here.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began