Bulgarian MPs to Discuss Creation of Electricity System Security Fund
- Tweet
Send to Kindle
Photo by BGNES
The first reading of Energy Act amendments envisaging the establishment of an Electricity System Security Fund is to take place on Tuesday.
The changes were proposed by Bulgaria’s Energy Ministry in a bid to curb the deficit at the National Electric Company (NEK), according to reports of the Bulgarian National Radio.
Energy Minister Temenuzhka Petkova expects that the amendments will stabilize the energy system and pave the way for the introduction of the free electricity market in 2016.
The resources of the Fund will be provided through contributions of electricity producers amounting to 5% of their monthly revenues.
The National Revenue Agency will be in charge of the collection of the installments.
Meanwhile, right-wing formation the Reformist Bloc has proposed that electricity producers publish the terms of the contracts under which they sell electricity in a bid to boost transparency.
Bulgaria Hit by Fuel Shock as Diesel Prices Surge 37% Since Iran War Began
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
Bulgaria: Second Black Sea Drilling in Khan Asparuh Block Fails to Find Natural Gas
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
Sofia Heating Price Hike Near 30% Sparks Backlash Over Household Costs
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
Bulgaria Locks in Cheaper Natural Gas for April as Azerbaijan Deal Keeps Prices Below EU Average
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 Shock in Bulgaria: Diesel Prices Skyrocket Nearly 30% in One Month
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 Confirms 5% Gas Rise for April, Says No Big Jumps Expected Soon
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
