Energy Policy
Bulgaria has developed an Energy Strategy that sets out its long-term vision and goals for the energy sector. The strategy aims to ensure a reliable, affordable, and sustainable energy supply for the country, while also contributing to its economic development and environmental protection.
The key objectives of the strategy include:
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Energy Security: The country aims to ensure a secure and stable energy supply by diversifying its energy sources and enhancing its energy infrastructure. This includes developing domestic energy resources, such as coal, oil, and gas, as well as increasing the share of renewable energy in the energy mix.
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Energy Efficiency: Bulgaria is committed to improving energy efficiency across all sectors, including buildings, transport, and industry. This involves implementing energy-saving measures, promoting energy-efficient technologies, and raising awareness about energy conservation.
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Renewable Energy Development: The country is working to increase the share of renewable energy in its energy mix, with a focus on wind, solar, biomass, and hydropower. The government has implemented several policies and incentives to promote the development of renewable energy projects.
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Market Liberalization: Bulgaria aims to create a competitive and transparent energy market that encourages investment, promotes innovation, and ensures fair prices for consumers.
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International Cooperation: The country actively participates in international energy cooperation initiatives and seeks partnerships with other countries to enhance energy security, promote technology transfer, and share best practices in the energy sector.
The implementation of the Energy Strategy is expected to contribute to Bulgaria's sustainable development goals, reduce its dependence on imported fossil fuels, and create new opportunities for investment and job creation in the energy sector.
Last update: 07 2023