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.
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change..
Clear
Partly Cloudy