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Romanian EC Oltenia planning to develop new generation units

The news portal Serbia-Energy announced that state-owned coal-fired electricity producer Energy Complex (EC) Oltenia company plans to develop new production units with combined installed capacity of about 2,000 MW. It will develop eight solar power plants in Turceni, Rovinari,...

EFET’s analysis highlights market inefficiencies in Bulgaria

At the end of October 2020 the European Federation of Energy Traders (EFET) issued its annual report identifying market inefficiencies on the member states of the European union. The analysis focuses on the countries in Central and Eastern Europe. The key barriers recognized in...

Higher price of natural gas in November

The Energy and Water Regulatory Commission held a closed meeting, at which it adopted a decision on the application submitted by Bulgargaz EAD for approval of a price for natural gas for November 2020, at which the public supplier will sell natural gas to end suppliers and...

Volatility on the energy markets

This article was published in the November issue of Utilities magazine. In recent weeks, energy product futures have been traded differently on European markets. The new wave of coronavirus and the introduction of restrictions in a number of European countries are driving...

EU court ruled against mandatory trading on OPCOM

The news portal Serbia-Energy announced that Romanian electricity producer Hidroelectrica was in the proceedings against the Romanian National Authority for Energy Regulation (ANRE) regarding mandatory electricity trading imposed by the regulator and affecting electricity...

EFET’s evaluation on the gas markets in Europe

EFET published its Gas Markets Development Study for 2020.  The idea behind this kind of report emerged from an observation that many new virtual trading points and gas markets were being implemented across EU and in connected markets, in very different ways.  The development of...

Proposed abolishment of 5% fee for new producers of RES

Abolition of the current fee of 5 percent on revenues from the sale of electricity for all renewable energy plants commissioned after January 1, 2021, proposes the chairman of the parliamentary energy committee Valentin Nikolov. The proposal is part of a bill amending the Energy...

Amendments to the Energy Act regarding closed distribution systems

An article published in Sega describes the development of the proposed changes in the Energy Act through the newly proposed law on industrial parks. We publish an excerpt from the material, the full version is available at:...

Decrease in natural gas demand due to COVID-19

Measures to combat COVID-19 have seriously affected the European Union’s gas market. In the second quarter, gas consumption in the region fell by 10% over the same period last year. This is stated in the gas market report for the second quarter of 2020 prepared by the DG...

Many small businesses consumers have not yet chosen a supplier on the liberalized market

An article published in Economic.bg illustrated the small percentage of business consumers who have actively entered the free market by choosing an electricity supplier. We publish an excerpt from the material, the full version is available at:...

Price of emission allowances

An analysis of the Energy Management Institute (EMI) indicates that revenues from emissions trading from installations (EUA) for Bulgaria in the third quarter of 2020 amounted to EUR 117.6 million. This represents an increase of 0.7% compared to the same period in 2019 and an...

Liberalized electricity market – answering the important questions

The amendments to the Energy Act of June 2020 introduce an obligation for all business consumers to enter the liberalized market from October 1, 2020. This means that even the smallest businesses such as shops, cafes, law firms, etc.  will have conclude a supply contract with an...

The World Bank will advise Bulgaria on the regional plans related to the EU Green Deal

The International Bank for Reconstruction and Development (World Bank) will provide technical assistance to Bulgaria in preparing territorial transition plans in relation with the EU Green Deal in eight energy-intensive regions of the country – Haskovo, Sliven, Yambol,...

Planned annual overhaul of reactor 6 of NPP Kozloduy

On September 22, the planned annual overhaul of the sixth reactor of Kozloduy NPP began. The planned repairs, maintenance of the equipment and systems of the unit will be performed. The reactor will be refueled with fresh nuclear fuel for the next, 26th fuel cycle. The...

Ten-year network development plan of ESO

The news portal 3e-news publishes an overview of the Plan for development of the transmission electricity network of Bulgaria for the period 2020 – 2029. The plan prepared by the Electricity System Operator (ESO) was submitted for public discussion. The total value of the...

Consumption in the EU is still below normal levels

An analysis by the Energy Management Institute based on data from Eurostat shows that electricity consumption within the European Union is below the levels from previous years. Since mid-March 2020, EU Member States have taken restrictive measures to slow down the spread of...

The energy market on the road to recovery

During the corona virus wave in Europe and the subsequent restrictive measures in most European countries, electricity and energy prices plummeted. The reasons were mainly related to the reduced consumption, respectively reduced demand and the uncertainty about the coronavirus...

The standard supply contract has been approved

The conclusion of standard supply contracts for small business consumers, who until October 1 this year have not entered the liberalized electricity market, will enable them to be supplied by their current supplier for the period 01.10.2020 – 30.06.2021. The Energy and...

The results of the leading energy companies in Bulgaria

We publish аn extract of the analysis Capital newspaper, which is part of the ranking K100: The largest companies in Bulgaria. The full article is available HERE, and the top 100 ranking HERE In the top 10 energy companies by revenue, seven have new positions. For the first time...

Bulgaria becomes the owner of 20% of the LNG terminal near Alexandroupolis

In the presence of the Prime Ministers Boyko Borissov and Kyriakos Mitsotakis, the Executive Director of Bulgartransgaz EAD Vladimir Malinov signed the agreement for purchase of shares from the capital of Gastrade SA with Asimina – Eleni Kopeluzu, who is a major shareholder...

The legislative changes regarding cold reserve are in force

On 07.08.2020 the amendments to the Energy Act (EA) about the provision of cold reserve were announced. The EA was amended through the transitional and final provisions of the Law on Local Self-Government and Local Administration. The amendments provide for the transmission...

Results of state-owned energy companies for the first half of the year

Kozloduy NPP The profit of Kozloduy NPP for the first half of 2020 is 126 million BGN. This is clear from the financial report published by the company. The decline in profit was 21.5% compared to the same period last year. The lower financial result is due to market situation...

The active retailers on the liberalized market

The Energy and Water Regulatory Commission (EWRC) publishes on its website a list of electricity suppliers who hold licenses for electricity trading issued by the regulator and a license for coordinators of balancing groups. The purpose of the list is to provide information to...

Three newly elected commissioners become members of EWRC

Three new commissioners are stepping in the Energy and Water Regulatory Commission (EWRC) after the MPs adopted a decision to elect new commissioners. The MPs had to elect 2 commissioners in the Electricity sector, one in the Water and sewerage sector and one economist. Three new...

Price index of PPAs for energy from RES in Europe

Each quarter, the LevelTen Energy PPA Price Index reports the prices that wind and solar project developers have offered for power purchase agreements (PPAs) available on the LevelTen Marketplace, the world’s largest marketplace of North American and European PPA pricing offers....

The court ordered a new decision of CPC on the deal between Eurohold and CEZ

Administrative Court – Sofia District lifted the ban of the Commission for Protection of Competition (CPC) related to the acquisition of assets of the Czech company CEZ by Eurohold, and with its decision the court returned the case to CPC and the Commission must issue a new...

Controversial deal on the power exchange

On July 16, anonymous deal was concluded on the energy exchange for the supply of electricity in the last quarter of this year. It was done on the rarely used Continuous trading segment, where the names of sellers and buyers remain hidden. In the case it is only known that 50 MW...

Bulgaria has achieved 87.6% of its energy efficiency target

As a result of the implementation of energy saving measures in all sectors of the economy and the contribution of obliged parties under the Energy Efficiency Act, for the period 2014-2019 in Bulgaria were saved 7,295.2 GWh of energy. This means that the country has met 87.6% of...

European power markets during the first quarter of 2020

The report on the electricity markets for the first quarter of 2020 of the General Directorate of Energy at the European Commission states that despite affecting directly the EU electricity system for only a few weeks in March, the long shadow of the global health crisis hangs...

The Minister of Energy imposes who will provide cold reserve

The MPs approved the changes for the cold reserve allocation, which were laid down in the provisions of the Law on Local Government and Local Administration, which amended the Energy Act. According to the adopted proposal, the Minister of Energy orders the provision of cold...