Europe
With a power score of 2.23, Bulgaria ranks number 25 among Emerging Markets and number 7 in the Europe region
Power score
2.23/5
Score over time
2021 - 2024
Bulgaria has a power score of 2.23, which puts it at rank 25 in the Emerging Markets power ranking. In comparison to 2023, Bulgaria has improved in the power rankings by 39 places, from rank 64, to rank 25.
At 2.23, the power score of Bulgaria is worse than than the regional average of NaN in the Europe region and puts it at rank 7 in the region.
Bulgaria implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, and Renewable Energy Certificates.
The average electricity price in Bulgaria has dropped from 188.29 USD/MWh in 2022 to 169.15 USD/MWh in 2023. Since 2017, the average electricity price in Bulgaria has fluctuated between 106.66 USD/MWh (2017) and 188.29 USD/MWh (2022).
The top amount of capacity installed in Bulgaria in 2023 was in Coal at 36.02%, down from 37.5% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 13.73%, up from 8.28% in 2022.
The top amount of electricity generated in Bulgaria in 2023 was in Nuclear at 42.87%, up from 34.43% in 2022.
Investment in clean energy in Bulgaria was around $1,301.69 million in 2023, an increase of 431.46% from 2022 ($244.93 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $1,301.69 million, while the lowest was in 2021 with $66.89 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly�increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.