Electricity Production in Bulgaria is Growing more Slowly than Consumption

Business » ENERGY | November 6, 2017, Monday // 14:31
Bulgaria: Electricity Production in Bulgaria is Growing more Slowly than Consumption Source: Pixabay

Electricity production in Bulgaria at the end of October shows a slower growth in consumption, according to ESO's operating data. It is evident that for the ten months of the year 32.2 million megawatts of electricity are consumed in the country, which is almost 5% more than in the same period of 2016.

For the ten months, however, production has grown by 1.65% to 36.7 million megawatt hours.

Data shows a continuing decline in exports - almost 17% to 4.5 million megawatt hours. Electricity exports from Bulgaria have started to decrease since the beginning of 2016 and have been recovering for a second year.

Analysts say the reasons are complex - the contraction of the Greek and Turkish economies, as well as the low gas prices in recent months, making the operation of natural gas power stations profitable.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article
Tags: electricity, production, consumption, Bulgaria

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria