The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills could rise by 7-8 BGN (EUR 3.5-4).
The reason for the likely increase is that the regulator's market development forecast differs by more than 30% and prices need to be updated to avoid accumulating losses in the system, reported BNT.
While in the summer over 40% of electricity was generated from solar power plants and the price was low because of a surplus, now over 40% of electricity comes from thermal power plants. The situation is aggravated by the insufficient amount of water, which does not allow the use of hydroelectric power plants that produce cheaper electricity.
According to preliminary estimates, there will also be an increase in natural gas prices by nearly 10% from January 1, 2025.
The Association of Bulgarian Tour Operators and Travel Agents (ABTTA) expects tourism growth in Bulgaria to slow down due to the unfavourable economic situation in many of its source markets. It is not yet clear what effect Bulgaria's accession to the..
The expected adoption of the single European currency from January 1, 2026 is one of the many topics dividing society. In addition to being a cause for political quarrels, the euro is also a cause for concern among some Bulgarian..
At the end of 2024, Bulgarians' wealth hit a record high of 1 trillion leva (€511.29 billion), which is five times higher than the gross domestic product. According to a study by the Expert Club on Economics and Politics, reported by BNR's Natalia..
Occasional showers
Overcast, rain
Rain