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

Western Balkans request earlier exemption of electricity from CBAM

Western Balkans request earlier exemption of electricity from CBAM

06 May 2026 - Montenegro, Serbia, Bosnia and Herzegovina, Kosovo* and North Macedonia are asking for the amendments to the European Union's CBAM Regulation to be adjusted

europe cip report energy transition 2050

CIP: Europe could reduce electricity prices by 40% by 2050 with clean energy

05 May 2026 - CIP built an integrated energy system model and based on that, conducted an analysis of how Europe’s energy system could evolve towards 2050

Finalists of the 2026 European Sustainable Energy Awards announced

Finalists of the 2026 European Sustainable Energy Awards announced

05 May 2026 - Public voting for the best European clean energy projects and leaders is now open, within European Sustainable Energy Awards 2026

renalfa ipp bess oslomej solar power plant

Renalfa IPP starts installing 200 MWh battery system at solar plant in North Macedonia

05 May 2026 - The co-located BESS is being installed at Oslomej, a solar power plant with a peak capacity of 65.8 MW at a former coal mine, Renalfa said