Indicators for production, consumption and export of electricity are improving although negative values remain high. This has been made clear in Electricity System Operator (TSO) report, covering the following period: 01.01. – 16.10.2016 in comparison with the data from the same period of 2015. According to the data cited above electricity production decreased by 10.58% in 2016, compared to 2015 and […]
EC proposed between 2021-2030 Bulgaria not to be obliged to reduce annual greenhouse gas emissions
The European commission proposed the lowest target of 0% for Bulgaria, regarding the reduction of annual greenhouse emissions for sectors outside the EU emissions trading system for the period 2021-2030. This was discussed at a meeting of the Council of Environment Ministers in the EU in Luxembourg, which was attended by Minister Vasileva. Up to 2020, the legislation in EC is governed by the current package […]
JRC report supports European Commission’s work as it continues to assess the energy efficiency progress
The European Union is on its way to meet the 2020 final energy consumption target if it keeps steady on the same path. “The EU 28 is also on a good pathway to achieve the primary energy consumption target 2020 if the current efforts are maintained.” said Anna-Kaisa Itkonen, the EC spokeswoman. According to the […]
Renewable Energy Statistics 2016
The International Renewable Energy Agency (IRENA) has set out to produce comprehensive data sets on renewable energy capacity and use worldwide. The 2016 Renewable Energy Statistics Yearbook shows data sets on renewable power-generation capacity for 2006-2015, renewable power generation for 2006-2014 and renewable energy balances for 100 countries and areas for 2013 and 2014. The […]
Europe is losing its reputation as a renewable energy leader
Europe is losing its status as a global leader in clean energy, with investment in the region plummeting 21 percent last year. A record $328.9 billion was invested worldwide in renewable energy sources according to a report released by REN21, an international coalition of governments, renewable energy trade associations and financial institutions including the World […]
Minister Petkova: compulsory condition for a successful transition to full liberalization of the electricity market is the protection of vulnerable consumers
A compulsary condition for the successful transition to complete liberalization of the electricity market is the protection of vulnerable customers in Bulgaria. That was said by the Minister of energy Temenujka Petkova at the presentation of the the mechanism for protection of vulnerable consumers under the conditions of full liberalisation of the electricity market. The […]
In 2015, CO2 emissions in the EU estimated to have slightly increased compared with 2014
Eurostat estimates that in 2015 carbon dioxide (CO2) emissions from fossil fuel combustion increased by 0.7% in the European Union, compared with the previous year. CO2 emissions are a major contributor to global warming and account for around 80% of all EU greenhouse gas emissions. They are influenced by factors such as climate conditions, economic […]
New amendments in the Energy Act by the end of June
The liberalization of the energy market requires new amendments in the Energy Act, which are expected to be finalized by the end of June 2016. Оne of the major changes is that NEK EAD will no longer be the single buyer. The model will become clearer after the submission of the World Bank’s report in […]
Hydropower costs compared to other renewable and fossil costs
Hydropower generation costs are among the lowest compared to the production costs of other major renewable energy and fossil fuel sources. According to the International Renewable Energy Agency (IRENA) hydropower is the most flexible source of power generation available, because not only the main regulating and balancing capacity in the electricity system is provided by […]
The largest investors in the energy sector in Bulgaria have founded a National Energy Chamber
The largest private energy companies in Bulgaria have united in a National Chamber that represents the interests of producers and distributors of energy. The founders of the Chamber are – “CEZ Bulgaria”, “EVN Bulgaria”, “Energo-Pro”, “AES Bulgaria”, “Contour Global”, Hydroenergy Association, Bulgarian Wind Energy Association, Bulgarian Photovoltaic Association. The Council is chaired by two presidents. […]