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
Companies with power consumption of over 5 GWh per year should be entitled to a discount on the so-called green energy component of electricity tariffs, according to a proposal of the Bulgarian Industrial Association (BIA).
The BIA has sent a letter to Energy Minister Temenuzhka Petkova, proposing that companies consuming 5-30 GWh of electricity per year should be entitled to a 50% discount on the “obligation to society” component, while plants consuming over 30 GWh of electricity per year should benefit from a 85% discount.
The statement of the BIA, as cited by money.bg, comes in response to a proposal of a draft ordinance of the Energy Ministry on reducing the burden related to renewable energy costs.
The ordinance provides that energy-intensive industrial enterprises with power consumption of over 30 GWh a year should be granted a 85% discount on the green energy component of electricity prices.
The BIA demands that Bulgaria notify the ordinance to the European Commission as soon as possible, stressing that the discount is a type of state aid.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022