Renewables

Phantom energy companies drain government funds

Published

July 31, 2015

Country

Comments

0

Share

Published:

July 31, 2015

Country:

Comments:

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

Greece remains world most attractive renewable energy markets

Greece remains among world’s most attractive renewable energy markets

29 November 2022 - EY kept Greece and Turkey in its Renewable Energy Country Attractiveness Index of 40 countries. In another ranking, Greece is second in the world!

romania popescu minister power storage battery

Romania to grant EUR 103.5 million for battery storage projects

29 November 2022 - The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities

EU heavily dependent on solar panels, wind turbines imports Eurostat

EU green technology imports twice as high as exports – Eurostat

29 November 2022 - Buyers in the European Union spent EUR 15.2 billion last year on solar panels, wind turbines, and liquid biofuels from abroad

Coal regions Western Balkans Ukraine funds just transition

Coal regions in Western Balkans and Ukraine lack dedicated funds for just transition

29 November 2022 - The Initiative for Coal Regions in Transition in the Western Balkans and Ukraine held an annual meeting in Brussels