Energetics
News about production, supply, and pricing of electricity, gas, fuels, and renewable energy sources.
Traycho Traykov: No Fuel Shortage Risk, Electricity Prices Will Be Affordable
The acting Minister of Energy, Traycho Traykov, assured that there is no risk of a fuel shortage in Bulgaria. He also commented on electricity prices, as well as the impact of rising oil prices on the price of natural gas.
Digitalization in the Energy Sector: Transparency, Efficiency, and New Analysis Tools
Minister Traykov discussed digitalization in the energy sector with ESRI Bulgaria. The focus is on a common system for power outages, an energy atlas, and monitoring land reclamation. The aim is transparency, better management, and opening public access to data.
"Bulgargaz" Proposes Higher Gas Price for May
"Bulgargaz" has submitted an application to the EWRC for a natural gas price for May of 35.98 euros per MWh, which is 4.99% higher than the price for April. Public discussion and a decision from the regulator are expected.
Lukoil Burgas: Derogation extended by 6 months
The derogation for the Lukoil refinery in Burgas has been extended by another 6 months, Prime Minister Andrey Gyurov announced. The decision aims to ensure the normal functioning of the refinery and prevent fuel shortages.
Traycho Traykov: Fuel Reserves for a Buffer, Not for Prices. The Measures Are Working.
Acting Energy Minister Traycho Traykov commented on energy measures and fuel reserves, emphasizing targeted measures and the need to maintain reserves.
Gyurov on the Prices of Goods and Fuels: We Expect Market Stabilization
Interim Prime Minister Andrey Gyurov commented on the impact of the truce between the US and Iran on fuel and commodity prices. A weekly analysis and price monitoring are forthcoming.
Traycho Traykov: Regulation on Energy Poverty Adopted – Two Ways to Obtain Status
The acting Minister of Energy announced the adoption of a regulation on energy poverty. He pointed out two ways to obtain status: automated for certain groups and by submitting an application.
Traycho Traykov Discusses Reverse Gas Supplies and Energy Connectivity with Romania
Minister Traycho Traykov discussed key energy projects with the Romanian Ambassador, Brândușa Ioana Predescu. The focus was on reverse gas supplies, the development of the Vertical Gas Corridor, and Bulgaria's participation in the Azerbaijan-Georgia-Romania submarine cable.
Traycho Traykov: Temporary Change in Emissions Trading is Key to Energy Stability
The caretaker Minister of Energy discussed energy issues with the French ambassador. The focus is on electricity prices, emissions trading, energy interconnections, and the ministry's priorities.
Ombudsman: 30% increase in heating prices is unacceptable
The Ombudsman's institution strongly disagrees with the proposal for a sharp increase in the price of thermal energy from "Toplofikatsia Sofia" EAD. Ombudsman Velislava Delcheva insists that the Energy and Water Regulatory Commission conduct an in-depth analysis of all components in the proposed price and protect public interests.
Oil Shock on the Horizon: IEA Warns of Critical Shortage and Economic Blow
The IEA warns of a sharp worsening of the oil shortage from the Middle East in April, which will trigger inflation and slow economic growth in Europe, against the backdrop of attacks on energy infrastructure.
The Vertical Gas Corridor: Key Infrastructure for Energy Security in Southeastern Europe
The Executive Director of "Bulgartransgaz" presented the strategic role of the Vertical Corridor at a conference in Egypt. The emphasis is on the importance of the corridor for the supply of liquefied natural gas (LNG) from the Eastern Mediterranean and other regions to Southeastern Europe, including Moldova and Ukraine. The infrastructure in Bulgaria is expected to be completed by the end of the year.
Traycho Traykov and the German Ambassador Discussed the Energy Agenda and Geopolitics
Minister Traykov and Ambassador Plank discussed the energy agenda, including measures for price pressure on fuels, energy connectivity, and the future of "Maritsa East". Emphasis was placed on the role of energy security and diversification of supplies.
Bulgaria and Turkey Strengthen Cooperation on Energy, Security, and Migration
Nadezhda Neynski and Hakan Fidan discussed cooperation in energy, security, and migration, as well as Turkish support for a Bulgarian consulate in Edirne.
EWRC to Discuss Bulgargaz's Proposal for a 5.12% Gas Price Increase for April
The EWRC will review Bulgargaz's proposal to increase the price of natural gas by 5.12% for April compared to March, reaching 34.27 EUR/MWh. The meeting will be held today at 10:00. The price increase is influenced by difficulties in supplies due to the war in the Middle East.