Stankov: Energy Mix Key to Stability

Stankov: Energy Mix Key to Stability

Energy

In an interview with bTV, Bulgaria’s Energy Minister Zhecho Stankov highlighted the importance of technical neutrality in energy production, referencing the recent power outage across the Iberian Peninsula. He emphasized that Bulgaria’s diversified energy mix — including nuclear, wind, and renewables — along with strong cross-border connectivity, helps safeguard against such blackouts, CE Report quotes BTA

Stankov noted the importance of the Chaira Pumped Storage Hydro Power Plant, calling it the country’s largest "green battery." Currently, only one of its four units is operational, with unit three set to restart in early 2026, followed by unit one mid-year.

On market reforms, the minister reaffirmed that household consumers will be protected during electricity market liberalization. He called for sustainable investments to keep prices low as households transition to the free market.

Parliament recently approved the first reading of amendments to the Energy Act, delaying market liberalization to shield consumers from high prices. The final timeline is yet to be confirmed, but the Ministry aims to implement changes by July 1, including shifting the authority for regulated pricing from the Energy Commission to the Council of Ministers.

Tags

Related articles

Petromidia Cogeneration Plant Nears Launch
Romania's Energy Minister Bogdan Ivan visited the cogeneration plant near the Petromidia refinery on Tuesday, highlighting its strategic importance as the largest project by the Kazakh-Romanian Energy Investment Fund (FIEKR).
Ministry Denies Eco-Tax Hike
The Ministry of Environment and Water has dismissed claims of a drastic rise in environmental taxes, calling recent reports of a 900% surge in eco-taxes on electric appliances baseless.
Moldova Adopts Uniform Gas Tariffs
Chisinau — Lawmakers in Moldova have adopted a bill in its second reading aimed at strengthening the country’s energy security through key reforms in the natural gas sector.
Sofia Backs Renewable Fuels
Sofia will host a renewable fuel awareness event this Friday as part of the European initiative Tour d'Europe, the Bulgarian Petroleum and Gas Association (BPGA) announced.
Italy Grants €14M to Moldova
Italy has pledged €14 million in new financial support to Moldova via the United Nations Development Programme (UNDP), aiming to strengthen social protection and energy resilience.
Moldova Backs €400M Loan for Energocom
The Moldovan government has granted a state guarantee to Energocom to secure a €400 million loan from the European Bank for Reconstruction and Development (EBRD).