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

Eurelectric: Greece, Romania and Slovenia called to invest billions for power grids

Europe requires EUR 67 billion per year for power distribution upgrades

23 May 2024 - Strengthening apower distribution grids across Europe between 2025 and 2050 will require EUR 67 billion per year, Eurelectric calculated

EU key energy market reforms coming into force

EU’s key energy market reforms coming into force

22 May 2024 - The EU enacted electricity and gas market reforms and a framework to boost the development of hydrogen and other decarbonized gases

energy-intensive-industries-serbia-CBAM

Serbia’s energy-intensive industries brace for CBAM, seek state support to apply decarbonization solutions

22 May 2024 - Companies in Serbia are not afraid of decarbonization and CBAM, but are worried the state does not recognize what needs to be done to help the affected industries

SolarEdge 3D house with Israel products_evening (2)

SolarEdge Home – the premium solar system even more affordable

22 May 2024 - SolarEdge is known for offering the most premium equipment on the market, but if you are wondering if SolarEdge DC optimization is useful on residential property, the answer is “yes, definitely"