Bulgaria

Bulgaria launches 202 MW battery storage facility at TPP Maritsa East 3

Bulgaria has expanded its electricity system with the commissioning of a large-scale battery energy storage facility at the Maritsa East energy complex, one of the most significant storage projects in southeastern Europe. The installation was deployed at the site of TPP Maritsa East 3, leveraging existing grid infrastructure in the Stara Zagora region to accelerate […]

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Bulgaria: IBEX power trading climbs in December as prices continue to soften

A total of 2,611,971.3 MWh of electricity was traded on the day-ahead market of IBEX in December 2025, representing a 9.4% increase compared to November. The average daily traded volume reached 84,257.1 MWh, although total monthly volume was still 3% lower year-on-year. The average baseload price in December stood at €117.25/MWh, down 3.5% from November,

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Bulgaria hits a renewable milestone: Solar, wind and hydro surpass coal in electricity generation

Bulgaria’s electricity sector reached a historic milestone in 2025, as renewable energy sources became the country’s second-largest producer of electricity, surpassed only by nuclear power. For the first time, combined generation from solar, wind, hydropower, biomass, and waste exceeded output from coal-fired plants, signaling that the energy transition has moved from concept to reality. Data

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Bulgaria: Chevron and Quantum eye $22B bid for Lukoil’s international assets, shaking up SEE oil market

A major shift may be underway in the global oil market as US energy giant Chevron and private equity firm Quantum Capital Group prepare a joint bid for the foreign operations of Russia’s Lukoil. The proposed transaction is valued at approximately $22 billion, covering Lukoil’s assets outside of Russia. The move comes amid Lukoil’s efforts

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Bulgaria to receive up to €1.3bn from EU Just Transition Fund to transform coal regions

Bulgaria is poised to receive between €1.178 billion and €1.3 billion from the European Union’s Just Transition Fund, a key mechanism designed to support regions most affected by the phase-out of coal and other carbon-intensive industries. The funding will primarily target areas historically dependent on mining and thermal power generation, including Stara Zagora, Pernik and

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Bulgaria: Electricity production rises 5.6% in 2025 as renewables surge and exports reach 1.36 TWh

According to data published by Bulgaria’s electricity transmission system operator ESO, total electricity production in 2025 increased by 5.62% year-on-year, reaching 40.11 TWh, reflecting a solid recovery in generation across the country. Electricity consumption in Bulgaria also recorded growth, rising by 4.88% to a total of 38.76 TWh. As a result, Bulgaria maintained its position

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Bulgaria secures 100 million euro funding deal to boost public investment

A new financing arrangement has been established to support public investment priorities in Bulgaria, as the Bulgarian Development Bank (BDB) and United Bulgarian Bank (UBB) formalized a 100 million euros deal. Under the agreement, UBB will provide the funding to BDB, enabling the implementation of key government-backed programs in the coming years. The resources are

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Bulgaria: KEVR approves 3.3% drop in wholesale gas price for January 2026

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 3.3% decrease in the wholesale natural gas price for January 2026, in line with the proposal by public supplier Bulgargaz in mid-December. The wholesale price now stands at around 31.2 euros/MWh, excluding VAT and excise duties. Previously, KEVR had approved a 4.3% reduction

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Bulgaria: Energy overview highlights rising electricity and mixed fuel trends in October 2025

According to the Bulgarian National Statistical Institute, electricity production in October 2025 increased by 8.1% compared to September, reaching 3,175 GWh, while electricity consumption rose even more sharply by 23.6%, amounting to 2,940 GWh. On an annual basis, production was up 9.3%, and consumption grew by 12.7% compared to October 2024. Natural gas consumption in

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Bulgaria industrial electricity pricing 2025–2026: Competitive edge or structurally hidden risk?

Bulgaria stands at an interesting and strategically important position in Southeast Europe’s electricity and industrial cost landscape. Unlike many peers in the region, Bulgaria benefits from a structurally stronger generation base, significant conventional energy assets, one of the most consequential nuclear facilities in the region, and a market which, in many cycles, delivers comparatively lower

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