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The measure is designed to reduce the debt of Bulgaria's national energy utility. File photo
Energy bills in Bulgaria might gradually go up starting October to cover deficits at the state-owned utility NEK, the state electricity regulator announced.
DKEVR, the energy watchdog, earlier announced the National Electricity Company (NEK)'s debts amount to BGN 2.4 B (EUR 1.2 B) over the past four years.
An abrupt increase of bills is however not envisaged, website Dariknews.bg quoted DKEVR head Boyan Boev as saying.
Price hikes might be introduced on a quarterly basis, a measure already applied for natural gas, heating, and hot water.
Boev underscored any changes could be avoided only if Brussels responded properly to a complaint DKEVR lodged Wednesday regarding state aid granted to two US-owned thermal power plants and to renewable energy producers.
So far the EU Commission has not provided an official answer.
The energy watchdog also suggests that prices for purchasing electricity from the two TPPs be reduced and that the quota of renewable energy bought to be pumped into the system be curtailed.
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
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From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
According to recent data from the Trend Research Center, shared during the "Personal Finance" event by Money.bg, 38% of Bulgarians are unable to set aside any savings
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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