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Bulgaria's State Commission for Energy and Water Regulation (DKEVR) will present Thursday current data on the financial deficit in the energy system.
The data is expected to support the initiative of the energy watchdog for reducing the price of electricity purchased from thermal power plants Maritsa Iztok-1 (TPP AES Galabovo) and ContourGlobal Maritsa East 3 and reducing the amount of electricity bought from renewable energy producers at preferential prices.
DKEVR member Elenko Bozhkov, as cited by the Bulgarian National Radio, warned a few days ago that a failure to approve the proposed measures would cause a dramatic increase in power rates.
He claimed that Bulgaria's National Electric Company (NEK) had to be saved expenses of BGN 1 B by June 2015 in order to cope with the difficult situation.
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At an extraordinary meeting, the Budget and Finance Commission and the Energy Commission approved the Draft Law for Providing Aid for Repayment of the Debt of the National Electric Company submitted by the council of Ministers.
Although businesses in Bulgaria cancelled a protest scheduled for September 30 due to an increase in electricity prices for industrial consumers, their demands for a road map for reform in the energy sector remain in place.
Bulgaria’s government is preparing the full liberalization of the energy market, which is expected to solve the financial problems of the sector and guarantee a fair price for household and industrial consumers, according to Energy Minister Temenuzhka Pet
The process of extending the life of unit 5 of Bulgaria’s Kozloduy nuclear power plant may be delayed by a year, according to Bogomil Manchev, President of the Bulgarian Atomic Forum (BULATOM).
Bulgaria’s Commission for Energy and Water Regulation (KEVR) has approved the power purchase agreement between US-owned thermal power plant ContourGlobal Maritsa East 3 TPP and the National Electric Company (NEK).
US-owned thermal power plant AES 3C Maritza East I and Bulgaria’s National Electric Company (NEK) have finalized the agreement on amending the long-term contract for purchasing electricity generated by the TPP.
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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