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

Bulgaria imports cheaper electricity from Romanian hydroelectric power plants

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.




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

Jesus Caballero grabs Manager of the Year Award for 2024

If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...

published on 11/5/24 9:54 AM

The Institute for Market Economics calls for budget deficit below 3%

We are moving towards the option of not having a quickly adopted budget for 2025, Lachezar Bogdanov, chief economist from the Institute for Market Economics, told BNR.  In presenting the institute's alternative state budget, the..

published on 11/4/24 11:27 AM

The five largest Indian IT companies already have offices in Bulgaria

Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister of Economy Petko Nikolov with Ambassador of India to Bulgaria H.E. Sanjay Rana. The two focused..

published on 10/31/24 5:48 PM