European Commission Grants Greece 1 Billion Euros for Renewable Energy Projects
With the aim to bolster renewable energy infrastructure, the European Commission has greenlit funding of 1 billion euros for two key projects in Greece
Organizations of renewable energy producers will announce Wednesday if Bulgaria should be gearing up for a new electricity price hike.
At a press conference scheduled for Wednesday, renewable energy companies will voice their disagreement with the newly introduced fee for access to the electricity transmission grid, according to reports of the Bulgarian National Television (BNT).
Producers of solar, wind and hydro energy will have to pay the new fee for accessing the networks of the three power distributors operating in the country, CEZ, Energo-Pro and EVN.
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) approved Monday the request of the power distributors, explaining that they had to cover increased expenses due to the large number of new producers connected to the grid after July 1.
Meanwhile, the Bulgarian Association of Producers of Ecological Energy (APEE) defined DKEVR's decision as discriminatory, stressing that the fee will only apply for renewable energy plants.
The APEE plans to appeal the decision of Bulgaria's energy watchdog.
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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
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Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022