Bulgaria changes its energy policy: focus on cooperatives and modernization of thermal power plants
The Bulgarian government has announced a new strategy for the development of the country's energy sector. The main goal of the changes is to promote the production of clean energy through the creation of energy cooperatives. This is a new approach that will allow citizens and small businesses to unite to produce and share electricity from renewable sources.
One of the most important steps in the new plan is changing how funds from carbon dioxide (CO2) emissions trading are managed. Until now, this money was often allocated for various state needs, but the government is ending this practice. Instead, the funds will be directed primarily toward the modernization of existing thermal power plants (TPPs).
The goal of investments in TPPs is to reduce harmful emissions and improve the efficiency of the plants while the country transitions to more environmentally friendly energy sources. This is critically important for maintaining the stability of Bulgaria's energy system, especially during the transition period to a "green" economy.
Experts note that these measures are necessary to meet the European Union's requirements for decarbonization. By supporting energy cooperatives, the state hopes to reduce electricity bills for households and enable people to participate actively in the energy market.
The new rules are expected to come into force as soon as possible, with the Ministry of Energy preparing the necessary legislative changes. These steps mark the beginning of a new stage in Bulgaria's energy policy, aimed at greater independence and sustainability.