Energetics
News about production, supply, and pricing of electricity, gas, fuels, and renewable energy sources.
Caretaker Government Approves Joint Statement on Gas Security
The caretaker government has approved a joint statement on enhancing the security of natural gas supplies for Central and Eastern Europe. Bulgaria is active in diversifying sources and routes.
"Bulgargaz" in de facto bankruptcy: Minister Traykov on the problems in the energy sector
Minister Traycho Traykov announced that "Bulgargaz" is in de facto bankruptcy due to unfavorable market conditions, loss of market share, and unfavorable contracts. Measures are being discussed for reforms in the energy sector and for resolving the problems in "Maritsa East" and TPP "Maritsa East 2", as well as securing funds for miners' salaries.
Traycho Traykov: Compensations for inflated electricity bills through reimbursement or deduction
Minister Traycho Traykov announced compensations for subscribers with inflated electricity bills. These will be reimbursed directly or through a deduction from the next bill. The EWRC (Energy and Water Regulatory Commission) is investigating the reason for the difference in December and November bills.
Electricity Bills Soar: Inspections Reveal Increased Consumption and Changes in Imports
EWRC inspections regarding high electricity bills reveal an increase in consumption of over 30% in January. Over 400 complaints have been received. Electricity production is decreasing, leading to changes in imports and exports.
Unit 6 of Kozloduy NPP to be shut down for repairs.
Unit 6 of Kozloduy NPP will be shut down for the replacement of a defective safety membrane device. There is no environmental contamination. Unit 5 is operating normally.
Ministry Allocates Over €40 Million for Energy Efficiency of Bulgarian Firms
The Ministry of Innovation and Growth (MIG) is allocating an additional €40.8 million to improve the energy efficiency of 1,073 Bulgarian companies. With a total budget of €105.2 million, a total of 2,395 firms will be supported under the RRP measure, with investments aimed at purchasing energy-efficient equipment and facilities.
UK Extends License for Lukoil in Bulgaria
The UK has extended the general license for Lukoil's subsidiaries in Bulgaria until August 13, 2026, ensuring stability for Bulgarian businesses and the population. This decision allows the normal functioning of the companies, including the refinery in Burgas, in the context of sanctions and ongoing efforts to sell Lukoil's assets.
State Enterprise "Radioactive Waste" Receives Funding for 2026
The caretaker government allocates 6.053 million euros for 2026 to the State Enterprise "Radioactive Waste" for the management of radioactive waste and decommissioning of nuclear facilities. The funding comes from dedicated funds under the Ministry of Energy.
Government allows derogation for Kozloduy NPP for supplies from Russia
The outgoing government has allowed Kozloduy NPP to import iron and steel products from Russia for the maintenance of the plant, in order to ensure nuclear safety and the stability of electricity production.
Emergency inspections of energy companies due to electricity bills
The Ministry of Energy is starting inspections of electricity distribution companies and end suppliers due to reports of inflated electricity bills. Attention will be paid to reporting periods and the quality of electricity supply.
Electricity Prices Fall: BNEB Prices for Tomorrow
Electricity on the Bulgarian Independent Energy Exchange (BNEB) is becoming cheaper. The average price for tomorrow is 143.14 EUR/MWh, which is a decrease of nearly 7% compared to today. Check out the prices for peak and off-peak energy.
Lukoil to sell foreign assets to Carlyle Group for $22 billion
Lukoil has agreed to sell its foreign assets to Carlyle Group, including the Neftohim refinery in Bulgaria, for $22 billion. The deal needs to be approved by the United States, due to sanctions. The sale is partial.
Bulgartransgaz participates in the construction of a digital corridor between Asia and Europe: The "Cardesa" Project
Bulgartransgaz is involved in the strategic digital connectivity project "Cardesa", part of the Digital Silk Road. The project will transform Bulgaria into a key point for connecting Europe and Asia, through a new underwater telecommunications system. The investment, exceeding 100 million euros, will strengthen cybersecurity and bring economic benefits to the country.
Gas prices fall: TTF and Gas Hub Balkan prices decrease
Gas futures on TTF in the Netherlands are falling. The price of the Gas Hub Balkan for today is 38.22 euros per megawatt-hour.
Zhecho Stankov and Tommy Joyce Discuss Deepening Energy Partnership Between Bulgaria and the US
The outgoing Minister of Energy, Zhecho Stankov, held an online meeting with Tommy Joyce from the US Department of Energy. Projects of mutual interest were discussed, including the creation of a joint expert group to work on priority areas such as critical raw materials, pumped storage hydro plants, and liquefied natural gas supplies.