Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria and its place on the solar energy map

The new higher prices of electricity that came into force at the beginning of this month have caused dissatisfaction among businesses. The simplest explanation behind the need for yet another rise is higher carbon prices, which are currently around and above 55 euros per ton.That is how electricity prices for the regulated market rose by an average of 4.4% and prices of heating rose by an average of 16.23%. The new prices and the 20% reduction in the purchase price of electricity from renewable energy sources has made a number of small and medium enterprises involved in building small photovoltaic power plants, united in the Bulgarian Solar Association, appeal against the decision taken by the Energy and Water Regulatory Commission. In an interview with BNR, its chairman, engineer VeselinTodorov, commented that preferential purchase prices of electricity from renewable sources was the only form of state aid that the sector received.


"At the backdrop of the great jump in the price of raw materials worldwide (iron, copper, glass, silicon, which are needed for the production of solar panels), a 20% reduction in the purchase price stops future investors who want to build small plants up to 30 kilowatts."

Reducing carbon emissions, breathing cleaner air, energy independence and predictability of the amount of energy produced and consumed are just some of the benefits of using renewable energy sources. However, this does not mean that these types of energy sources are easily accessible to those who want to use them:

"In Bulgaria, we still have purely administrative barriers that hamper people’s motivation for serious interest in green energy," Todorov says, comparing the requirements for photovoltaics in Germany to those in Bulgaria. "In Germany, each house or other building must have a certain percentage of photovoltaics on the roof to compensate for the electricity losses of the building. In Bulgaria, in order to place a solar panel on your roof, you must obtain permissionand pay excise duty tax for the energy produced.Obstacles are also caused by old laws, which have not been reformed. We need to allow the individual citizen to determine their own energy independence," Mr.Todorov adds.

Compiled by: Yoan Kolev

English: Alexander Markov

Photos: private library



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgarian National Bank building

Within the framework of the budget deficit the government takes on new 3-year debt

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..

published on 5/28/24 9:19 AM

BNB reminds why the real estate market should not be overheated with mortgages

The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..

published on 5/27/24 12:44 PM

Standard & Poor's confirms Bulgaria's rating and positive outlook

The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.  If a stable..

published on 5/25/24 10:50 AM