In 2023: Bulgaria exports nearly 70% less electricity

Since the beginning of the year, the export of electricity has decreased by nearly 66 percent, and the production of electricity has shrunk by a fifth compared to the same period last year, according to the data of the Electricity System Operator, BNR reports.

"Not only in our country and in the region, but also in the whole of Europe, there is a tendency to reduce electricity consumption", said the executive director of the Electricity System Operator Angelin Tsachev.

"This is a fact from last year from October, as Europe as a whole entered into a recession and there is a serious reduction in the consumption of electrical energy, and on the other hand, there is currently a serious reduction in the price of natural gas, which has led to a reduction in the price of electricity in general."

Therefore, it is "quite normal for cheaper production to be more current at the moment and for coal plants to reduce their production in general".

Because of the lower prices, the import of electricity also becomes relevant.

"We are not currently importing from cheaper gas plants, but we are importing electricity from Romania, produced by their hydroelectric plants. The price is much lower. And it is quite normal that the Bulgarian market will benefit."

In the end, the statistics look like this: