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
State Commission for Energy and Water Regulation has approved a mechanism to compensate green energy producers.
The decision comes after a temporary pricing regime for their access to the country's energy grid was removed.
Bulgaria's energy watchdog earlier determined a constant price of BGN 2.45 per mWh. No fee is to be imposed on access to energy grids, which means wind and solar farm owners will owe a charge only to the State System Operator for electric energy, but not to the power distributors.
Considering the new pricing regime, the state watchdog will later determine the sums to be paid back to producers, who until the new rules were charged with additional 20%.
Over the past months, representatives of the renewable energy sector have staged a few protests due to a 20% fee imposed on their production.
The introduction of the charge, which is still considered controversial among some experts and politicians, was put forward in Parliament by ultra-nationalist Ataka.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022