Renewable energy policy

As of October 18, 2017, a total of 782 residential buildings throughout the country have been completely renovated and put into operation after being renovated under the National Energy Efficiency Program. The residents pleased by improved housing infrastructure are 93 840 people living in them.

The Energy Ministry will indirectly force electricity consumers to foot the bill for the deficit of RES (renewable energy source) companies.

An amendment tabled in Parliament on Thursday to a bill on the Civil Aviation Authority provides for additional state revenues from power suppliers amounting to 45 million euros next year to go toward the coverage of the RES firms' deficit.

Bulgaria's energy regulator plans to treble the price of electricity paid in cases of power theft and also increase the period, for which the penalty tariff is applied retroactively.

US-owned thermal power plant AES 3C Maritza East I and Bulgaria's National Electric Company (NEK) have finalized the agreement on amending the long-term contract for purchasing electricity generated by the TPP.

The agreement was negotiated in April and it concerns the capacity price of AES 3C Maritza East I, according to a media statement of the US-owned TPP.

Turkey's Aksa Enerji has signed a five-year power purchase agreement (PPA) with Ghana to install a 370MW power plant, electricity generation and the guaranteed sale of the energy, it said Aug. 10. 

The frequent legislative changes are among the reasons for the decline in the interest in the renewables area, in the context in which the law regulating the support scheme for the production of energy from renewable sources has been modified eight times since 2010 until present, member of the Regulation Committee within the National Energy Regulatory Authority (ANRE) Zoltan Nagy said on Thursd

EU energy chief Maros Sefcovic will start a tour of member states this week to reiterate calls for a concerted effort by EU member states to address global energy and climate challenges.

He will also present an analysis by the European Commission of each country's energy policy and what needs to be done to fine-tune that policy to the objectives of the Energy Union.

The latest report of the European Environment Agency (EEA) shows that renewable energy sources have been an important driving force in reducing greenhouse gas emissions in Europe.

According to the report entitled "Renewable energy in Europe - approximated recent growth and knock-on effects", greenhouse gas emissions would have been 7 % higher without renewables.

The application for participation in the National Programme for Energy Effectiveness starts on Monday, as announced by the Bulgarian Ministry of Regional Development.

The project will be funded by the Bulgarian Development Bank, providing a BGN 1 B loan for the project.

BELGRADE - Serbian MPs adopted on Monday the Energy Law by majority vote, which envisages easier investing in the energy domain, ensures greater protection of buyers and adjusts this economic field with the EU regulations.