Bulgaria does not need new electric power capacities, a forecast prepared by the Risk Management Lab at New Bulgarian University shows. The report was presented Monday by the head of the team, Ivan Ivanov, at a discussion hosted by the Bulgarian Industrial Association.
According to the authors of the report, domestic consumption of energy will decline in the future because of the negative demographic trends, and the implementation of European green energy and energy efficiency policies. Electric power prices will rise and its export will decline, they argue.
Bulgaria's economy will gradually approach the average European level of energy intensity, which presupposes reduced consumption in the energy sector and reduced losses in the transmission and distribution networks. Unlike the declining consumption of electric power, natural gas consumption should increase because of its competitive price, the diversification of suppliers and increased local extraction, the analysts think.