Energetics
News about production, supply, and pricing of electricity, gas, fuels, and renewable energy sources.
Vasilev: The electricity price cap for businesses needs to be reinstated
Asen Vasilev from PP called for the re-establishment of the electricity price cap for businesses. He emphasizes that high electricity prices are a major driver of inflation, and the caretaker government needs to act quickly.
Parliament Mandates Government to Suspend EU ETS
The Energy Committee unanimously adopted a draft to mandate the government's position in the European Council for the temporary suspension of the Emissions Trading System (EU ETS). The decision aims to protect industry and jobs, as well as limit price volatility.
The energy sector reform will happen - interim minister Traykov
Interim Minister of Energy Traicho Traykov commented that the reform in the sector will take place, regardless of the Recovery and Resilience Plan. He emphasized that delaying the process is a wrong strategy and that there are significant financial resources that must be used for future development. The minister pointed out that the goal is for no one to lose from the carbon transition.
Electricity Prices Rise by Over 20% on March 17th on the BNEB
On the Bulgarian Independent Energy Exchange (BNEB), the price of electricity for tomorrow (March 17th) increases by over 20% compared to today. The average price is 121.31 euros per megawatt-hour.
Traycho Traykov on Fuel Prices and Compensations
Minister Traycho Traykov commented on rising fuel prices, measures to deal with high prices, and the possibility of compensation for the most vulnerable. The situation with the Recovery and Resilience Plan was also discussed.
Neynski: Bulgaria is in a better position due to gas and oil supplies
Minister Neynski commented on the situation with fuel supplies and the potential impact of the conflict in the Middle East. Bulgaria is in a better position compared to other European countries due to a different supply route. Risks, measures to combat speculation, and potential consequences of the escalation of the conflict were discussed.
Meeting between Energy Minister Traykov and the US Ambassador: Energy issues discussed
Minister Traycho Traykov and the acting US Ambassador H. Martin McDowell discussed energy issues, including the extension of the derogation for "Lukoil", the Kozloduy NPP project, and the Vertical Gas Corridor.
Kozloduy NPP Announces Public Procurement for Repairs in 2026 for Over 65 Million Euros
Kozloduy NPP has initiated a procedure for the repair of power units in 2026, valued at over 65 million euros. Executive Director Ivan Andreev informed about the details and the problems with the membranes and steam generators.
"Democratic Bulgaria" Demands Explanation for Fuel Prices from "Lukoil"
MPs from "Democratic Bulgaria" are demanding an explanation for fuel prices from a representative of "Lukoil". They accuse the company of speculation and are calling for the intervention of the NAP and the CPC. Other current political topics are also being discussed.
Bulgargaz Proposes Higher Gas Price for April: What's Behind the Increase?
Bulgargaz has submitted an application to the EWRC for a natural gas price for April of 34.27 EUR/MWh, which is an increase compared to the March price. Analysis of the factors affecting the price, including the geopolitical situation.
The State Reserve: Fuel is Available and the State is Ready to Respond
The State Reserve has assured that the country has sufficient fuel and is prepared to deal with potential supply problems. Reports indicate high levels of fuel security and storage.
Fuel Reserves in Bulgaria: Are They Sufficient and Is the Country Ready for a Crisis?
Members of Parliament are confident in Bulgaria's readiness to secure fuel reserves. The state has enough fuel for approximately 85 days, and the reserves have been checked and are available. Measures for response are prepared if necessary, and actions are being discussed in connection with the war in the Middle East and the blockade of the Strait of Hormuz.
Parliament to Hear Interim Ministers on Fuel
At an extraordinary session today, parliament will discuss the state's readiness to secure fuel, given a potential crisis due to a blockade of the Strait of Hormuz.
Traykov: Everyone overcharged on their electricity bill will be compensated
Minister Traykov stated that everyone who received inflated electricity bills will be compensated. The results of the inspections of the removed electricity meters are expected.
No risks for fuels: Klisurski on fuel supplies in Bulgaria
Minister Klisurski assured that there are no risks to the disruption of fuel supplies, despite rising oil prices and tensions in the Middle East. Contingency plans are being discussed.