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Reimbursements due to the lower prices of natural gas are postponed

Economic.bg announces that the final vote on the bill amending the Energy Act related for reimbursements due to lower natural gas prices is postponed. This was confirmed by the Chairman of the Energy Committee Valentin Nikolov. The proposed amendments, which were voted at the...

Bulgarian electricity market during the COVID-19 pandemic

Measures taken to prevent the spread of COVID-19 in the recent weeks have resulted in significant drop of the electricity prices in Bulgaria and the SEE region, including forward and futures products. Bulgarian spot prices during in period of emergency ranged between 14.84 and...

EWRC approved a 42.78% reduction in natural gas price for April

The Energy Management Institute informed that the EWRC at a closed meeting has approved a price for the month of April at which the public supplier will sell natural gas to the end suppliers and to the companies which own a license for heat generation and supply. The final price...

BEH informs the FSC about the impact of the Corona Virus on the holding’s activities

“Bulgarian Energy Holding EAD and its subsidiary companies make every effort to maintain their normal working process in the conditions of COVID-19 rapid expansion, in compliance with the Law on Measures and Actions during the State of Emergency and the  Currently, all...

ESO published the 10-year network development plan

Electricity system operator (ESO) has published in the draft of the “Plan for the Development of the Transmission Electricity Network in Bulgaria for the period 2020-2029″. The 10-year development plan contains information about the electricity transmission...

Entering the liberalized market for small business consumers is postponed

In an article published in Capital newspaper is stated that the changes to the Energy Act for 55,000 businesses and more than 3,100 households to enter the liberalized electricity market as of July 1 will be delayed. The full article is available on Capital web page:...

EC report on Bulgaria highlights the problems in the energy sector

At the end of February, the European commission issued a country report on Bulgaria focused on the prevention and correction of macroeconomic imbalances. The report provides also a review of the current inefficiencies in the energy sector. Problems with liquidity still linger on...

Key findings and recommendations from the sectoral analysis of CPC

During the proceedings, information and data have been collected from over 50 entities, including market participants (producers, traders, IBEX, ESO and more), relevant state authorities and trade associations, which allowed CPC to identify possible competition issues in the...

New group of electricity consumers will enter the liberalized market

Тhe Energy Committee presented their plans for amendments in the Energy Act, which will continue the liberalization process of the electricity market. They include: Business consumers with a capacity of 30kW or more to be obliged to enter the liberalized market (54,998 such...

110 million dollars a year are the losses for Bulgaria due to the stopped transit of natural gas

Gazprom has suspended natural gas transit through Bulgaria for Turkey, Greece and Macedonia since the beginning of 2020, leading to a loss, the energy minister, Temenuzhka Petkova told BNT. “Bulgaria will lose US $ 110 million a year because of the suspension of natural gas...

Ministry of energy published the National Energy and Climate Plan

The National Energy and Climate Plan (NECP) of Bulgaria has been developed in compliance with the provision of Art. 3 of Regulation (EU) 2018/1999 on Energy Union governance and climate action. The document defines the main trends and policies in the field of energy security,...

New draft of the Electricity trading rules

The Energy and Water Regulatory Commission held a second public consultation on a draft amendment to the Electricity Trading Regulations (ETR). Following the public consultation of the ETR on 27.11.2019, comments from the stakeholders were submitted to the Commission for...

Changes in the emission trading legislation

Changes to the Climate Change Act introduce a new model for the European Emissions Trading Scheme in Bulgaria. This change is regarding the increase in the linear coefficient to reduce the total quantity of allowances in the European Union. The National Assembly approved the...

Sandbag, Agora: Analysis on the European powers sector in 2019

Electricity consumption in Europe dropped by 2% (minus 56 TWh), returning to demand from 2015 levels. This is happening at a GDP growth of 1.4% in 2019. This is clear from the traditional report of the European Union’s electricity companies Energiewende (Germany) and...

Plan for liberalization of the electricity market will be adopted

In an interview for 3e-news media, the Chairman of the Energy Committee, Valentin Nikolov, announced that a roadmap for liberalization of the electricity market will be part of the Energy Act. “We also need to introduce a capacity mechanism. It is necessary to prepare a...

ACER adopts decisions towards a single EU electricity balancing market

The EU Agency for the Cooperation of Energy Regulators (ACER) published today three decisions on the framework for implementation of EU-wide trading platforms for electricity balancing, which will effectively integrate all national balancing markets into one single EU electricity...

A glimpse at the Bulgarian natural gas market

At a round table discussion organized by Utilities Magazine, “Exchange trading with natural gas”, followed by an article in 3e-news, the chairman of the Bulgarian Association Natural Gas, Svetoslav Ivanov raised key issues related to the regulation of the gas price,...

The Bulgarian natural gas exchanges launches

As of January 2nd, 2020, the trading platform of GAS HUB BALKAN EAD has started trading sessions on an organized market, including short-term segment, long-term segment and brokerage service. The short-term segment offers short-term standardized products and products for the...

European green deal

The European Green Deal is a set of policy initiatives brought forward by the European Commission with the overarching aim of making Europe climate neutral in 2050. An impact assessed plan will also be presented to increase the EU’s greenhouse gas emission reductions target for...

Romania on the way to abolish mandatory trading via the power exchange

The Romanian regulator (ANRE) approved Order 236/2019 (published in the Official Gazette No. 1029 of December 20), which includes a provision stating that electricity trading may not only be carried out on a centralized market. This should allow trading outside of the Romanian...

The new regulation on the European Internal Electricity market is in force

From 1 January 2020, Regulation 2019/943 on the internal market for electricity enters into force. Regulation of the European Parliament and of the Council adopted on 5 June 2019 aimes at improving the EU regulatory framework governing the internal electricity market. The current...

Generation and consumption in 2019

Significant decrease was observed in 2019 compared to 2018 in hydropower generation and electricity export. The two indicators are interrelated, usually higher levels of exports are typical for years with more generation from HPPs. The generation of conventional power plants also...

New entry point for supply of Russian gas

From January 1, 2020 the entry point for Russian natural gas to Bulgaria is changing. Bulgargaz EAD will receive natural gas at the Strandzha delivery point. Until now, the entry point for the country was Negru Voda. This was announced at a briefing given by the Energy Minister...

New cap balancing prices for up-regulation

At a closed meeting held on 23.12.2019, the Energy and water regulatory commission (EWRC) approved changes on the cap prices for transactions on the balancing market. The changes mainly affect the cap price for up-regulation, which until now was determined as the daily average...

Energy committee approves to support the industrial consumers with 5% of the revenues from the sale of emission allowances

By 10 for, 7 against and 1 abstained, the Energy Committee adopted at first reading the amendments to the Climate Change Act, which provide aid for industrial consumers from the sale of emission allowances. It is about 5% aid, in the amount of BGN 33 million. As stated in the...

Liberalization of the gas market in Bulgaria – problems and opportunities

There are several issues that are not addressed in the Energy Act or are worrying the market with regard to the upcoming liberalization of the gas market. It is not clear, for example, at what prices the public supplier (Bulgargaz) will sell natural gas to industrial customers...

Amendments to the Electricity Trading Rules

On November 27, 2019 a public consultation was held on a draft amendment to the Electricity Trading Rules (ETR). The draft rules and a report of the Commission’s working group is published on the web site of EWRC:...

Gradual liberalization of the regulated market begins on 1 July 2020

Mediapool published an article titled: “No escape: Two options for the liberalization of the households electricity market from 2020″. The article follows the statements of the Deputy Energy Minister Zhecho Stankov, the chairman of the Energy and water regulatory...

ENTSO-E: Investigation on the interlinkage between gas and electricity scenarios and infrastructure projects assessment

The gas and electricity ENTSOs have published their focus study on interlinkage between gas and electricity systems (‘the Focus Study’). Since commencing work on their first joint scenarios for the ten-year network development plan 2018 (TYNDP), ENTSO-E and ENTSOG have further...

Lazard’s report on levelized cost of energy for various generation technologies

A comparison of the economics of different technologies for electricity production is at the heart of the new annual report of the Lazard Investment Bank. Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 13.0) shows that as the cost of renewable energy continues to...