Bulgaria's National Assembly in Sofia
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18 November 2013 12:36 GMT
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29 October 2013 12:00 GMT
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18 October 2013 09:49 GMT
By Christopher Hopson in London
Friday, December 06 2013
Updated: Friday, December 06 2013
Renewables advocates say the highly politicised decision could
decimate investment in the country.
The Bulgarian government has lowered electricity costs for
households this year, even as the debt owed to the country’s energy generators has
grown, according to Reuters.
Prime Minister Plamen Oresharski claims the renewbles levy
will raise about €150m ($104m) next year.
Bulgaria is one of a number of EU countries in recent years
that have sought to claw back subsidies previously promised to wind and solar
Renewables lobbying groups in Bulgaria are expected to
appeal the budget decision.
Foreign investors have sunk €4bn into wind and solar
projects in Bulgaria, according to Reuters.
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