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New requirements for recording transactions with energy products in Bulgaria

From the beginning of 2021 are in force the amendments to Ordinance №3 on licensing of energy activities. They impose new obligations on market participants to keep a paper and/or digital trading log of wholesale energy transactions, including withdrawn and canceled orders. The...

Elections for managers of the large energy companies

Bulgarian Energy Holding EAD has launched procedures for election of members (representatives of the state) in the Boards of Directors in subsidiaries of Bulgarian Energy Holding (BEH) – public enterprises in which BEH owns 100% of the capital. The opened procedures include...

New producers will enter the liberalized market

On February 2, 2021, the amendments to the Energy Act came into force. They provide for a number of changes, the most significant of which is the obligation of smaller electricity producers to enter the liberalized market. Abolishment of the 5% income fee is applicable for new...

The “new” specifics of the energy markets

The article is published in Utilities magazine, February 2021 issue As early as the end of last year, the markets for electricity and energy products almost recovered to pre-pandemic price levels, despite the existing restriction in a number of European countries, incl. Bulgaria....

Application for obtaining natural gas trading license

The Energy and Water Regulatory Commission (EWRC) approved a template of an application for issuing a natural gas trading license. The approved application form also contains instructions, as well as a description of the annexes. The form includes the legal, technical and...

Bulgaria will be better coupled with the European markets, which will influence the electricity prices

We publish an interview of the chairman of ATEB – Martin Georgiev for Investor.bg: 1. The decline in electricity production marked the whole 2020. A particular decline is observed in baseload capacities, while renewables are growing. The decline in production from...

Changes in the operational rules of the power exchange

At the end of last year, the Energy and water regulatory commission (EWRC) proposed an amendment to the operational rules of the Independent Bulgarian Energy Exchange (IBEX). It envisages that IBEX will be able to temporarily suspend the operation of a trading screen on the...

Rising natural gas prices

European gas prices surged to more than two-year highs in early Tuesday trading, underpinned by anticipation of colder weather and concerns of dwindling LNG supply due to soaring Asian prices. The day-ahead Dutch TTF contract was seen up EUR 2.50 at around its highest level since...

New proposals in the Energy Act are under discussion

The Bill amending the Energy Act is currently under discusion before a second vote. The significant that will have an effect on the electricity market are the following: Obligation for producers from RES and Co-generation with installed capacity between 1 MW and 500 kW to enter...

EWRC launched price comparison tool for electricity

Energy and Water Regulatory Commission (EWRC) has set up a platform for comparing offers and concluding contracts with electricity suppliers. The purpose of the information system is to help end consumer choose supplier on the liberalized market. The centralized information...