Renewables

Phantom energy companies drain government funds

Published

July 31, 2015

Country

Comments

comments icon

0

Share

Published:

July 31, 2015

Country:

Comments:

comments icon

0

Share

Thermal power plant operators AES and ContourGlobal, alongside renewable energy sources, will remain the primary sources in the energy mix of Bulgaria, a recent document shows.

The latest pricing changes show that AES’s Maritsa Iztok-1 and ContourGlobal’s Maritsa Iztok-3 set their share in the system at 20% and 25.2%, respectively, 3e-news.net reported. Meanwhile, according to an article by Standart News, much of the money from electricity bills is sinking into the pockets of the energy mafia, data in the report of a temporary committee on the topic show.

Renewables, the most expensive energy, which had preferential status for years, form 18.8% of the mix, news agency Novinite said in a report. State-owned Maritsa Iztok-2 thermal power plant and nuclear turbines at Kozloduy have seen a substantial decrease in their respective shares, now at 4.1% and 6.7%.

This comes, however, just after the government had explained it would take Maritsa Iztok 2 out of the regulated market. The rest is generated by heating utilities 16.3% and the hydropower plant owned by the National Electricity Company (NEK),  8.75%.

The state buys electricity at preferential prices of four photovoltaic plants, which do not exist at all and as such never received permission to operate, the article said. Another five were selling electricity for months before obtaining a permit to operate, the portal claims, citing the temporary committee’s document.

Related Articles

solar output snow winter

Record solar output in Romania pushes power prices into negative territory

02 March 2026 - On Friday at 11:39 a.m., commercial solar output, excluding prosumers, reached 2,048 MW, while demand stood at slightly over 6,000 MW

Power imports dropped almost at zero for Greece in January

Power imports in Greece drop to nearly zero in January

02 March 2026 - Greece saw the balance of electricity exchanges with neighboring markets change rapidly during the last couple of years. It became a net exporter.

serbia hemofarm rooftop solar plant vrsac

Hemofarm commissions one of largest rooftop solar plants in Serbia

27 February 2026 - The largest rooftop solar plant in Serbia is on the buildings of polymer products maker Peštan

bih republic of srpska loans garanties power plants distribution grid petar djokic

Republic of Srpska plans EUR 204 million in loans for power plants, grid

27 February 2026 - The Republic of Srpska is ready to issue guarantees for BAM 400 million (EUR 204.5 million) for coal power plants and the distribution grid