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

SEEPEX-nominated-electricity-market-operator-nemo

SEEPEX becomes Serbia’s nominated electricity market operator (NEMO)

24 June 2022 - SEEPEX's appointment as Serbia's nominated electricity market operator paves the way for market coupling with the neighboring EU countries

Eriola Bibolli General Manager ProCredit Bank Kosovo

ProCredit Bank Kosovo – a driver of green finance and energy transition in the country

24 June 2022 - Author: Eriola Bibolli, General Manager, ProCredit Bank Kosova  It is a well-known fact that climate...

Croatia launches auctions for premiums for large power plants

Croatia launches auctions for renewable energy utility-scale power plants

24 June 2022 - The deadline for submitting bids for the award of premiums is July 4, according to the public call published by HROTE

EP votes protect EU industry after CO2 border tax fully implemented

EP votes to protect EU industry even after CO2 border tax is fully implemented

23 June 2022 - MEPs want to maintain free emission allowances for industrial producers in the EU after the CO2 border tax is fully implemented in 2030