Ukraine Faces Emergency Blackout as Russian Attacks Target Power Plants
Ukraine has been plunged into darkness as parts of the country experienced a widespread blackout following a series of devastating attacks on its power plants by Russia.
''Government has a major priority to provide conditions for Bulgarian industry to be competitive in international markets'', Energy Minister Temenujka Petkova said in the studio of the morning block of BNT.
''We have succeeded in creating a liberalized market for electricity in Bulgaria'', Petkova announced, adding that the electricity market is organized in two segments - regulated and the free market where the big business is.
90% of the trading on the stock exchange is made on the basis of bilateral contracts. A troubled segment is "one day ahead," where nearly 10% of the electricity trade takes place, said Petkova.
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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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