Deputies of the Energy Committee have decided to postpone the wholesale electricity market liberalization for one year until June 30, 2025. The deadline for the liberalization…
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Revenues of BGN 2.609 billion (1.3 billion euros) will be collected in the Electricity System Security Fund in 2024. The Fund’s budget was approved at a…
The thermal power plant ContourGlobal Maritsa East 3 – one of the two so-called American power plants – has ceased operations. The reason is the expiry…
National Electricity Company (NEK) has completed the overhaul of the pump-storage hydropower plant Belmeken in which it invested nearly 10 million euros, the Bulgarian Government said…
The Bulgarian Government expects the Electricity System Security Fund to receive revenues of around 2.1 billion euros in 2023. Over 1.3 billion euros will come from…
National Electricity Company (NEK) recorded a net profit of 80.5 million euros in the first nine months of 2023, compared to a profit of 421.5 million…
Bulgarian President Rumen Radev imposed a suspensory veto on the revisions to the Energy Act adopted by the National Assembly in early October. Radev said that…
The Bulgarian government decided to repeal a previous government decision to seek investors and equipment manufacturers for the construction of a nuclear power plant at Belene.…
Parliament adopted the amendments to the Energy Act, which provide for full liberalization of the wholesale electricity market by the end of the year. Regulated electricity prices for…
The Government set ceilings for electricity prices over which power plants will have to pay contributions to the Energy System Security Fund to finance measures for…