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Position of MET Group regarding natural gas supply

Due to various media publications and comments regarding the supply of natural gas to Bulgaria, MET Group announced its official position: MET Group firmly rejects all unfounded allegations that have been published in Bulgarian media relating to Bulgaria’s natural gas supply. MET...

Record profits of Kozloduy NPP

An article published in Capital shows that the Kozloduy NPP was earning an average of BGN 10 million a day in the first quarter of this year, or a total of BGN 954 million profit for the period. For comparison, at the same time last year the profit was BGN 137.7 million, or...

Disruption of gas deliveries from Gazprom to Bulgaria

Regarding the suspension of natural gas supplies after their unilateral decision by OOO Gazprom Export on April 27, 2022, the Ministry of Energy and Bulgargaz EAD informed: After the notification of Gazprom Export LLC dated 26.04.2022 that the deliveries for Bulgargaz EAD are...

Hungary launches market for guarantees of origin

The news portal Serbia Energy announced that Hungary is launching organized market for guarantees of origin in June 2022. The guarantee of origin (GO) market in Europe has been growing steadily over the past decade, offering a flexible and efficient tool to help companies achieve...

Ten-year network development plan of Bulgartransgaz

Natural gas consumption in Bulgaria in 2021 was 35,430 GWh, which shows 13.06% increase compared to consumption in 2020 (31,337 GWh). According to data of NSI Overall Energy Balance for 2020, natural gas had a share of 14.1% in primary energy consumption and 13.7% in final...

The proposal for additional contributions to the SESF was rejected

A draft resolution was submitted to the National Assembly, obliging all power producers except those from coal and natural gas to make additional contributions to the Security of the electricity system fund (SESF). Their amount was set at 80% of the difference from the monthly...

Amendments to Ordinance 3 related to reporting to EWRC

Ordinance № 3 on licensing the activities in the energy sector introduced the obligation of wholesale market participants to keep a log of their transactions and orders of traded products. The introduced requirements for logging and data description were essentially overlapping...

First organized market for Guarantees of origin launches in 2022 by EPEX Spot

Monthly spot auctions planned in second quarter 2022 with clearing and delivery through ECC and EEX. The European Power Exchange (EPEX SPOT), European Energy Exchange (EEX) and European Commodity Clearing (ECC) plan to jointly launch a pan-European market for Guarantees of Origin...

Proposed notification procedure for new RES of up to 5MW for self-consumption

The information portal 3e-news reports that the members of the Energy Committee in the National Assembly with 9 votes in favor and 2 abstentions adopted at first reading a bill amending the Renewable energy act. Meanwhile, the chairman of the Energy Committee, Radosav Ribarski,...

EWRC accepts proposals for changes in the Ordinance on gas prices

The Energy and Water Regulatory Commission (EWRC) announced that regarding the procedure for amendments of Ordinance № 2 of 19.03.2013 on regulation of natural gas prices, the interested parties may submit argumentative proposals for amendments to the ordinance. The deadline for...

Compensations for network operators extended until end of March

Compensation of the network operators for the purchased electricity to cover network losses will continue until the end of March 2022. This was decided by the government by adopting changes to the program to compensate the costs of transmission and distribution system operators....

Volatile natural gas prices

The price of natural gas fell sharply in mid-February, reaching its lowest levels since the beginning of the year. According to analysts, the reason was the easing of tensions in Ukraine. Apart from the geopolitical factors, the relatively warm weather in continental Europe, as...

In case the gas deliveries are suspended, the government has a plan to suspend electricity exports

An article published in 3e-news draws attention to the Prime Minister’s statement that in case of suspension of gas supplies from Russia, the government is ready with measures including suspending the export of electricity. Bulgaria receives natural gas from a pipeline that...

Annual license fee to the EWRC

The Energy and Water Regulatory Commission (EWRC) reminds that by 25.03.2022 the licensed companies in the energy sector should submit a report for determining their annual license fee for 2021. The first installment of the annual license fee should be transferred to the EWRC...

OPCOM will no longer be monopoly trading platform in Romania

In article published by SEE Energy News is pointed out that the National Energy Regulatory Authority (ANRE) is preparing licensing orders, which could allow several electricity market operators to manage day-ahead or intraday electricity markets. The new secondary legislation...

Applications to ESO for over 15 000 MW of renewable energy capacities

According to the 24 chasa newspaper, the Electricity System Operator has received applications for the construction of 15 200 MW of capacity using renewable energy sources (RES) in the last 3 years. Since the beginning of 2022, 7 preliminary contracts have been concluded with ESO...

EC with an opinion on the ban on merging of balancing groups

Amendments to the Electricity Trading Rules (ETR) adopted in December banned the merging of balancing groups on the free electricity market. The main reason why the majority of market participants opposed such a ban at the time was that it would lead to an increase in balancing...

Bulgarian electricity market facing new challenges

The article was published in the February issue of Utilities magazine. After the relatively calm market situation at the end of December and the beginning of January, the topic of the electricity prices again creates tension. The reason is not only the newly reached price...

The compensation program continues

“About BGN 940 million are provided as compensation for end consumers in Bulgaria, approximately 350 BGN million for DSOs and about 20 BGN million for gas. Up to 2 BGN billion is the buffer provided by the state budget.” the energy minister said. He pointed out that...

The new management of the Regulator and the state-owned companies

Energy and Water Regulatory Commission The amendments to the Energy Act reducing the number of members of the Energy and Water Regulatory Commission from 9 to 5, were published in the State Gazette. Thus, the mandates of two of the members are terminated – the one with...

Changes to the REMIT reporting to the EWRC

The Energy and Water Regulatory Commission (EWRC) published a draft amendment to Ordinance № 3 of 21.03.2013 on licensing of energy activities. The proposed amendments concern the obligations of market participants related to the rules and procedures for the identification,...

Uniform format for data exchange

From the beginning of April 2022, the implementation of stage 1 of the introduction of the uniform format for data exchange is expected to go-live. This is the automation of the processes of providing information between network operators (NO) and market participants (MP). Stage...

Draft bill introducing 80 % tax on the revenues from energy products in Romania

The news portal Serbia Energy informs that Romanian tax collection agency ANAF drafted a bill which introduces an 80 % tax on the revenues generated by the energy products in excess of 91 euros/MWh. The average price of electricity on the spot market in December, when 40 % of the...

Interview of Martin Georgiev about the market situation

The interview with the chairman of ATEB, Martin Georgiev was published on the energy news portal 3e-news. Mr. Georgiev, for half a year we have been witnessing constantly rising electricity prices on the free market. What actually happened and continues to happen? What is your...

Record revenues for Bulgaria from emission allowances

Annual revenues from emissions trading (EUA) of Bulgaria in 2021 reached 830.9 million euros (1.6 billion levs) or nearly twice as much as the previous year according to the European Energy Exchange (EEX), reports Energy Management Institute. Bulgarian allowances are traded on a...

Cap prices for offers on the balancing market

The regulator has adopted a decision setting cap prices for balancing energy offers. For the provision of a system service for upward regulation is the cap is set at DAM + 100 BGN, where the DAM is the hourly price on the day-ahead market of IBEX. Linking the price cap to the...

Generation, consumption and export of electricity in 2021

In Bulgaria 2021 saw an increase in electricity production by 17% compared to 2020, mainly due to higher production of hydropower by 51% and conventional power plants by 15%. At the same time there was an increase in consumption of about 4% to 38.9 TWh, but most of the increased...

EWRC has banned the merging of balancing groups

The controversial ban proposed by the EWRC against the pooling of the balancing groups was adopted on 24.12.2022 with changes in the Electricity trading rules (ETR). The Regulator did not wait for the answer of the European Commission to the questions asked about the effects of...

New estimated market price for RES

On January 1, 2022, the Regulator (EWRC) adopted and published a decision to reduce the premiums for producers from renewable energy sources. The new estimated market price for renewable energy sources approved by the EWRC is 147% higher than the one reflected in the current...

Europe influenced by high energy prices

Rising energy prices in Europe are causing huge losses to the region’s largest gas and electricity consumers. This has forced industrial giants to cut production, threatening the region’s economic recovery. As energy costs rise to new heights day by day, financial...