Tragic Accident Claims Lives of Two Bulgarians in Turkey
Two Bulgarians tragically lost their lives in a serious accident in the Bolu province of northern Turkey
One in four Bulgarians is unable to afford heating during the winter months, according to energy expert Ivan Hinovski. The number of individuals experiencing energy poverty is rising, and many households also face what is termed "hidden energy poverty," characterized by inadequate energy consumption for their needs.
Hinovski, speaking on NOVA NEWS, highlighted the lack of effective management and compensatory mechanisms for energy poverty. He criticized the absence of a designated state institution responsible for overseeing the registration of energy-poor households and involving municipalities in the process. Without proper management, the substantial funds available through the European Commission's special climate fund may remain untapped.
Despite ongoing aid efforts, Hinovski noted that current support measures do not address the categorization of energy-poor households. He warned that with the upcoming electricity liberalization in 2026, prices are expected to increase significantly, as there will be no protected prices for consumers. He expressed concern that Bulgaria's energy system is unprepared for these changes.
Looking ahead, Hinovski suggested that nuclear energy, known for its sustainability and cost-effectiveness, will become increasingly desirable. He pointed out that Bulgarians currently pay significantly more for energy compared to Germany, Greece, and Romania.
Sofia's Mayor Vasil Terziev reassured residents that there are no risks for the upcoming heating season after a meeting with Energy Minister Vladimir Malinov
There may be challenges ahead for oil prices if the situation in the Middle East escalates into a regional conflict
Fewer households in Bulgaria are relying on wood for heating
The first tanker carrying liquefied gas for Bulgaria is currently being unloaded at the new regasification terminal in Alexandroupolis
Bulgaria's state gas supply company, "Bulgargaz," has once again blocked all accounts belonging to the municipal heating company, "Toplofikatsia Sofia"
Bulgaria's Energy and Water Regulation Commission (EWRC) has announced that the price of natural gas for October will be set at 63.72 leva per MWh
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