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Status and outlook for the electricity market

ATEB’s analysis of the status and outlook for the electricity market in Bulgaria is published in Utilities Magazine issue of August/September 2019. In recent months, the electricity market has become a leading topic. The main reasons for that were the adopted amendments to...

Interview of the chairman of ATEB for Iconomist magazine

“State-owned power producers should not participate in auctions for purchase. Without market coupling with neighboring countries, we will continue to observe fluctuations in the electricity prices on DAM”, says ATEB’s chairman Martin Georgiev in an interview for Iconomist...

ATEB’s position on the auctions for 28.06.2019

The disputed auctions on the energy exchange for 24.06 and 25.06 were reorganized for another date 28.06.2019. Since the conditions and prices of these auctions were not changed, ATEB once again informed the Ministry of Energy and the institutions of their negative impact. Below...

ATEB’s position on the auctions for 24.06 and 25.06.2019

On Friday (21.06.2019) on the Bulgarian power exchange were announced auctions for purchase for dates 24.06 and 25.06 under disputable conditions and prices. ATEB has informed the institutions and the state-owned companies in the sector on 22.06, two days prior to the conducting...

EEX introduces Bulgarian power futures with financial settlement

On 3 June 2019, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures, freight futures and options as well as further maturities in emissions options. Clearing and settlement of the new products and maturities will be...

Amendments in the Bulgarian Energy Act

At the end of last week two members of parliament – Delyan Dobrev and Valentin Nikolov submitted to the National Assembly proposition for amendments of the Energy Act. The bill aims to continue the process of liberalization of the electricity market in the country and...

Report of the EC on Electricity markets during the third quarter of 2018

The quarterly report of the DG Energy for the third quarter of the 2018 showed that wholesale prices across Europe remained on an increasing trajectory. On some markets the price increase even accelerated compared to the first half of the year. The average monthly EU wholesale...

Free electricity market – Interview on Bulgarian national radio

“There is a stable, long-term trend for increase of the electricity prices on the Day-ahead market (DAM) on IBEX. The situation this year is more unusual – if we compare the first days of January 2019 to the first days of January 2018 – the prices on the exchange have increased...

Member States may not impose a charge on the export of electricity

On 6th of December 2018 the Court of Justice of the European Union published a press release with a resolution on the case C-305/17 regarding the imposing of specific charge for the use of the network in Slovakia for export of electricity generated in the country. With its...

Single Allocation platform for capacity auctions

The Bulgarian Electricity System Operator (ESO) has announced that in line with the timeline set by the Commission Regulation (EU) 2016/1719 establishing a guideline on forward capacity allocation 28 Transmission System Operators (TSOs) from 22 European countries established the...

Report of the EC on Electricity markets during the second quarter of 2018

The quarterly report of the DG Energy for the second quarter of the 2018 showed that in April 2018 the share of renewable sources in the EU electricity generation rose to 38%, being the highest ever, owing primarily to good hydro and wind generation in most of Europe. Average...

Mistrade by GEN-I, d.o.o. on the IBEX Day-Ahead market auction

Due to a technical error, a mistrade by GEN-I, d.o.o., occured on the IBEX Day-Ahead market auction for delivery day 11.10.2018, with dimensions erroneously converted between comma and decimal, resulting in a mistrade entry of bids of 1000 MW instead of 10 MW, i.e. erroneous by a...

Transgaz offers to increase gas exports to Bulgaria and Hungary

Romania’s gas pipeline operator Transgaz has offered to boost natural gas exports to Hungary and Bulgaria, EU antitrust regulators said on Friday, as the state-owned company seeks to stave off a fine, Reuters reports. The European Commission opened a probe last year regarding...

ESO and IBEX in a project for intraday market coupling

Electricity System Operator EAD and Independent Bulgarian Energy Exchange EAD and announced that as a result of their efforts towards the market integration at regional and European level and in compliance with the provisions of the European legislation, they became part of a...

Report of the EC on electricity markets in CSEE during the first quarter of 2018

The regional wholesale average price contracts in Central and Eastern Europe (CEE) showed only slight increases between January and March 2018. The monthly baseload average price rose from 36 €/MWh to 41 €/MWh in this period, while the monthly peakload average went up from ...

Challenges towards the liberalization of the electricity market

In the latest issue (June 2018) of Utilities magazine was published the analysis of ATEB regarding the “Challenges towards the liberalization of the electricity market”. The complete article is available below. The other topics in the magazine with focus on the market...

Overview of the electricity price development in Bulgaria and in the region

The current overview of the development of the electricity prices in 2017 in Bulgaria and in Central and South Eastern Europe (CSEE) is based on the quarterly reports published by the Market Observatory for Energy of the European Commission. The reports provide information about...

IME: The latest regulatory changes from last year create more problems than they solve

The Institute for market economics (IME) published analysis of the conditions for electricity trading. It reviews the regulatory changes adopted in the end of 2017 and the amendments of the operational rules of Centralized market for bilateral contracts (CMBC) on Independent...

Development of the electricity market

ATEB publishes a presentation illustrating the dynamics in the prices on the Bulgarian and regional market. Terms used in the presentation Base load – load in MW with delivery in every hour of the day during every day of the week Peak load – load in MW with delivery in every hour...

CPC found no violation of LPC by ATEB

Regarding the case № КЗК-305/554 from 2013 with subject restriction or distortion of competition on the energy market and abuse of monopoly or dominant position, the Commission for protection of competition (CPC) published its decision. In it the Commission points out that after...

Energy Community adopts first set of Third Energy Package Network Codes and Guidelines

The Energy Community Permanent High Level Group has formally adopted two new pieces of acquis in gas and three in electricity. “I am delighted that Third Energy Package Network Codes and Guidelines will now become part of the Energy Community legal framework”, Director Kopač...

Statement regarding the operational rules of CMBC

In a joint statement addressed to the responsible institutions and the main participants on the liberalized market the two associations ATEB and ASEP emphasize on the main controversial  points regarding the new operational rules of Centralized market for bilateral contracts...

EU Council’s approach for more competitive and consumer-oriented electricity market

On 18 December, the Council reached a general approach (negotiating position) on a directive setting out common rules to ensure that the internal electricity market in the EU is competitive, consumer-centred, flexible and non-discriminatory. The directive, which is part of the...

DAM market coupling of Bulgarian power market in 2019

Bulgarian independent energy exchange (IBEX) plans to launch a collaboration project for market coupling on day-ahead basis on at least one border. This announcement came from Nikola Gabrovski member of the Board of directors of IBEX during the forum “Liquidity and price levels...

Next year launches the intraday market in Bulgaria

On 2nd of November 2017 in Sofia, hotel Balkan was held the second conference from the series Energy Manager’s Forum, organized by Utilities magazine and supported by the Association of traders with electricity in Bulgaria (ATEB). The topic of discussion was “Liquidity and price...

Ownership of IBEX transferred to BSE

On a special meeting of the shareholders of Bulgarian stock exchange – Sofia AD (BSE) a decision for purchase of all stocks of Independent Bulgarian energy exchange EAD (IBEX) was approved. BSE will acquire 100% of the capital of IBEX. The financial resource will be provided from...

Scheduled overhaul for the Sixth nuclear reactor of NPP Kozloduy

On 16th of September 2017, at 02:34, the 1000 MW sixth nuclear reactor of NPP Kozloduy was stopped for scheduled annual overhaul. During the non-operational period renovation and maintenance of the systems will be performed as well as recharging with nuclear fuel. Regarding the...

WB presentations for complete liberalization

The World bank (WB) presented on 29.06.2017 its report on the electricity sector in Bulgaria and the recommendations for reformation of the sector towards complete market liberalization. The analysis highlights the main problems and proposes measures for their resolution. The...

Amendments in the operational rules of CMBC

On 12.06.2017 IBEX published a draft of the Market rules for Centralized market for bilateral contracts (CMBC), which will substitute the current rules of CMBC. According to IBEX team the changes and amendments in the new rules are made in order to improve the security of supply...

Bulgaria joins WB6 regional electricity market integration initiative

Electricity System Operator EAD (ESO), the Independent Bulgarian Energy Exchange EAD (IBEX) and Bulgarian Energy and Water Regulatory Commission (EWRC) have now jointed the SEE day-ahead market coupling initiative “Western Balkan 6″. On this occasion, the Director of...