Majority of Bulgarians Fear Impact of Green Deal on Electricity Bills
Amid the implementation of measures under the European Union's Green Deal, 64% of Bulgarians have identified the escalating electricity prices as their top concern
Photo by EPA/BGNES
Electricity prices for the industry in Bulgaria are 20-30% higher than in Greece, which imports electricity from Bulgaria, according to Konstantin Stamenov from the Bulgarian Federation of Industrial Energy Consumers (BFIEC).
Speaking at a public discussion on a proposal to increase electricity prices as of October 1, he condemned the practice of shifting the burden stemming from attempts to offset tariffs for household consumers onto the business sector.
Stamenov, as cited by investor.bg, opposed the increase in the so-called “obligation to society” component, stressing that the measure would not solve the problems in the renewable energy sector but would have a negative impact on the business sector.
He condemned attempts for piecemeal solutions and called for the publication of comprehensive measures addressing the problems in the sector.
Yanko Petrov from the “Movement for Civic Control” insisted that the State Commission for Energy and Water Regulation (DKEVR) was illegitimate and objected to the proposal for a power price hike.
Petrov underscored that the poor financial condition of Bulgaria’s state-owned National Electric Company (NEK) was not a problem of the citizens.
The public discussion was briefly interrupted after a representative of the “Movement for Civic Control” threw eggs at the DKEVR members.
The disturbance caused police officers to take the representatives of the movement out of the room.
During the discussion, a number of civic organizations voiced their objections to the proposed power price hike, calling for alternative solutions to the problem.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
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