Bulgaria Boasts EU's Second Lowest Household Electricity Prices in H2 2023
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability. According to the report released on Thursday, Bulgaria secured the title of having the EU's second-lowest household electricity prices in the second half of 2023, trailing only behind Hungary.
The data reveals a welcome respite for consumers, with electricity and gas bills experiencing a decrease in the latter half of 2023. This follows a period of tumultuous increases precipitated by geopolitical tensions, particularly surrounding the Russian war of aggression against Ukraine.
In euro terms, Bulgaria boasted household electricity prices of EUR 11.9 per 100 kWh, a testament to the country's commitment to ensuring accessible energy for its citizens. When measured in Purchase Power Standards (PPS), Bulgarian household consumers paid 19.77 currency units per 100 kWh of electricity and 11.66 currency units per 100 kWh of gas, further solidifying Bulgaria's position as an energy-efficient nation.
Across the EU, the average household electricity prices witnessed a decrease to EUR 28.5 per 100 kWh in the latter half of 2023, down from EUR 29.4 in the first half. Despite this decline, prices remained slightly elevated compared to the same period in 2022, highlighting the lingering effects of previous peaks.
Similarly, average gas prices for households experienced a dip to EUR 11.3 per 100 kWh in the second half of 2023, reflecting a downward trajectory from previous semesters. This reduction, coupled with stabilization in energy, supply, and network costs, bodes well for consumers and industries alike.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgargaz Pursues Legal Action Against Gazprom Over Gas Supply Cuts
During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
Proposed Price Adjustments: Heating Costs in Sofia May See Significant Reduction
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
Kozloduy NPP Initiates Transition from Russian to US Nuclear Fuel in May
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Bulgaria's Nuclear Regulatory Agency Approves Westinghouse Nuclear Fuel for Kozloduy NPP
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Bulgargaz Anticipates Liquefied Gas Deliveries via Alexandroupolis Terminal In May
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May