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 lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
Clear