Since the beginning of 2023, electricity exports from Bulgaria have decreased by 66%. Electricity production has decreased by one-fifth compared to the same period in 2022. There has been a decrease in electricity consumption in Bulgaria, the region and in Europe, the Executive Director of the Electricity System Operator Angelin Tsachev said for the Bulgarian National Radio.
"Europe as a whole has entered a recession and there has been a serious reduction in electricity consumption. On the other hand, there has been a serious reduction in the price of natural gas, which has led to a reduction in the price of electricity in general. The issue of electricity imports is become increasingly topical, because of the lower prices, Currently, we are not importing electricity from cheaper gas-fired power plants. However, we are importing electricity from Romania, produced by Romanian hydroelectric power plants. Its price is much lower and it is quite normal for the Bulgarian market to benefit from this", Angelin Tsachev explained.
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