Among thermal energy producers, the rate of payments for the natural gas consumed between May 1, 2021 and July 16, 2024 was not uniform but satisfactory. The relevant statement was made by the press service of Naftogaz Trading. According to the data provided by the company, the highest payment rate of 100% was recorded in…
An UAV attack on a power facility in Sumy region resulted in a blackout of several substations and consumers in Sumy and Chernihiv regions. Consumers were partially supplied with power via a backup scheme. In Chernihiv region, the shelling of an overhead line caused simultaneous power outages in 6 settlements. In Donetsk region, a high-voltage…
Bulgaria has officially signed a contract for a feasibility study on the development of an East-West energy corridor. This agreement, which involves grant funding of nearly $1.5 million from the US Trade and Development Agency, is a significant step forward in the country’s energy sector. Energy Minister Vladimir Malinov commented on the signing, highlighting that…
In 2023, Bulgaria collected 217 million BGN from a windfall tax on firms in the oil, natural gas, coal and petroleum products sectors, according to Finance Minister Lyudmila Petkova. This tax was introduced to capture the extraordinary profits these firms made due to the surge in energy prices following Russia’s invasion of Ukraine. The windfall…
The Association of the Organizations of Bulgarian Employers (AOBE) has urgently called for government action to address the soaring electricity prices affecting businesses in Bulgaria. In an open letter to the authorities, the AOBE is demanding compensation measures to support the economy and maintain the industrial sector. To mitigate the impact of these high electricity…
A power unit is back in operation following scheduled repairs at one of Ukraine’s nuclear power plants, the press service of Energoatom, Ukraine’s national nuclear energy operator, reports. “Energoatom has reconnected to the power grid ahead of time another power unit, following the reloading of nuclear fuel and scheduled repair,” the statement reads. It is…
The Baltic power transmission system operators on July 16 notified Russia and Belarus of the non-extension of the so-called BRELL contract and their withdrawal from the Moscow-controlled post-Soviet electricity system as of February 2025. Lithuania’s Litgrid, Latvia’s AST and Estonia’s Elering “have notified Russian and Belarusian operators on the non-extension of the BRELL agreement, which…