News

Liberalization leads to power price increases

Published

November 29, 2015

Comments

0

Share

Published:

November 29, 2015

Comments:

0

Share

Energy minister Temenuzhka Petkova stated the forthcoming energy market opening in Bulgaria is likely to lead to higher tariffs for electricity, Novinite agency reported.

In an interview with the Bulgarian National Radio (BNR), she said the power price hike could be expected immediately after liberalization in the beginning of next year. Petkova didn’t give any figures, underscoring that the cost is to be determined by the market. She said it isn’t possible to forecast what the price of electricity will be after full liberalization.

Soon after the market is opened, there is a trend of slight increase of electricity prices, followed by a decrease, the article said, citing international data. Petkova explained that the full liberalization of the electricity market will take place gradually throughout next year as had been recommended by the World Bank.

Related Articles

Climate change, water scarcity jeopardizing French nuclear fleet

24 March 2023 - The safety and operation of 56 existing reactors, as well as the planned ones, must be adapted to increasing climate extremes

Endangered vultures more important than wind farm project in Greek mountains

Endangered vultures more important than wind farm project in Greek mountains

24 March 2023 - The competent institutions opted for the conservation of bird habitats and gave a negative opinion on the wind farm project

Serbia monitoring, reporting and verifying GHG emissions world bank loan

Serbia to start monitoring, reporting, verifying emissions by 2026

24 March 2023 - The introduction of an MRV system derives from the terms of the government's loan agreements with the World Bank

virtual power plants distributed production aggregators pandurevci nosbih

Virtual power plants emerge in BiH as seven aggregators pool 120 MW in total

24 March 2023 - The Independent System Operator in Bosnia and Herzegovina (NOSBiH) foresees an increase to 250 MW by the end of the year