Bulgarians Stranded at Valencia Airport Amid Severe Floods in Spain
A number of Bulgarians are currently stranded at Valencia Airport
One in four Bulgarians is unable to afford heating during the winter months, according to energy expert Ivan Hinovski. The number of individuals experiencing energy poverty is rising, and many households also face what is termed "hidden energy poverty," characterized by inadequate energy consumption for their needs.
Hinovski, speaking on NOVA NEWS, highlighted the lack of effective management and compensatory mechanisms for energy poverty. He criticized the absence of a designated state institution responsible for overseeing the registration of energy-poor households and involving municipalities in the process. Without proper management, the substantial funds available through the European Commission's special climate fund may remain untapped.
Despite ongoing aid efforts, Hinovski noted that current support measures do not address the categorization of energy-poor households. He warned that with the upcoming electricity liberalization in 2026, prices are expected to increase significantly, as there will be no protected prices for consumers. He expressed concern that Bulgaria's energy system is unprepared for these changes.
Looking ahead, Hinovski suggested that nuclear energy, known for its sustainability and cost-effectiveness, will become increasingly desirable. He pointed out that Bulgarians currently pay significantly more for energy compared to Germany, Greece, and Romania.
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
An engineering contract for the construction of new nuclear facilities at Site No. 2 of the Kozloduy Nuclear Power Plant is set to be signed today with Hyundai and Westinghouse
Bulgaria’s Energy and Water Regulatory Commission (EWRC) has set the November price of natural gas at 68.69 leva per megawatt-hour
In the first half of 2024, household electricity and natural gas prices in Bulgaria ranked among the lowest in the European Union,
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