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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 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...

Bulgartransgaz’s investment program receives credit

At the beginning of June this year, Bulgartransgaz EAD announced a procedure for raising credit resources in the amount of EUR 400 million. The objective of the procedure was to ensure financial resources for the project Balkan Stream. The total amount of the offers received is...

ME provides important information to businesses consumers how to join the liberalized market

What comes next for small business customers connected to the low-voltage network, who are currently supplied with electricity from the regulated market? How they will be supplied after October 1, 2020? These and other key questions about the upcoming steps in the process of...

BIA proposes changes regarding the energy efficiency legislation

Bulgaria must reduce its energy consumption by 41% by the end of 2020 compared to 2002. This is the set target for the country, announced the Bulgarian Industrial Association (BIA) in the report of a project prepared jointly with the Sustainable Energy Development Agency, Sofia...

New contract for participation on IBEX and reduction of the day factor in collateral

With the changes in the Rules for operation of the stock exchange, the obligation is introduced within three months, ie. until 19.09.2020 the trade participants to conclude a new contract with IBEX for participation on the stock market. Тhe new agreement for participation in the...

Important technologies for the energy transition have not yet reached market maturity

About 75% of the emission reductions needed to achieve climate neutrality depend on technologies that have not yet reached commercial maturity, according to a new analysis published by the International Energy Agency (IEA). A summary of the important points of the analysis is...

Electricity prices during the new regulatory period

On 01.07.2020 the Energy and Water Regulatory Commission (EWRC) announced its decision approving the prices in the Electricity sector. This decision of the EWRC was not subject to public discussion according to the newly adopted amendments to the Energy Act. The estimated market...

New specifics on the Bulgarian power market

The article was published in the July issue of Utilities magazine The free market model in Bulgaria differs from the developed European markets. There is a similarity only with the Romanian market, where trading on the power exchange is also mandatory. However, since the...

Bulgaria ratifies the Greece-Bulgaria gas interconnector agreement

The National Assembly ratified the Intergovernmental Agreement between the Republic of Bulgaria Greece on the Greece-Bulgaria gas interconnection, signed in Sofia on October 10 last year. The document was also approved by parliament’s energy committee on Tuesday...

New rules and proposals for members of EWRC

The parliament adopted procedural rules for electing a new chairman and four members of the Energy and Water Regulatory Commission (EWRC). Proposals will be made within 14 days. The proposals for chairman of the EWRC, as well as for the four members – two in the field of...

Quota of TPP Maritsa East 2 for the regulated market

The Minister of Energy Temenuzhka Petkova has issued an order assigning to TPP “Maritsa-East 2″ an annual quota for electricity production. She announced this before the energy committee in the parliament. Its order is based on the Energy Act, which allows the...

The role of the supplier of last resort in Bulgaria

The Energy Management Institute (EMI) published an article presenting the role of the Supplier of last resort (SoLR) in Bulgaria On July 5, 2013, the State Energy and Water Regulatory Commission announced its decisions on the issuance of 5 new licenses – those for the...

Business consumers must enter the liberalized market

On June 26, 2020, the amendments to the Energy Act (EA) were published in the State Gazette. From October 1, 2020 all economic operators must switch to the free electricity market. This is another step towards full liberalization. In this regard, it is necessary by September 10,...

World electricity production

Renewable energy sources (RES), excluding hydropower, have for the first time surpassed nuclear power in electricity generation. This is clear from the statistical report of the British company BP Statistical Review of World Energy. In its statistical review, BP reports a...

The new rules of IBEX impose more restrictions on the power market

On June 19, 2020, the new operational rules of the Independent Bulgarian Energy Exchange (IBEX) were officially published in a State Gazette. The change was required due to the new obligation of the Energy and Water Regulatory Commission (EWRC) to approve the rules of the energy...

Electricity price comparison tools

The Energy Management Institute (EMI) has published an analysis of existing tools in Europe for comparing electricity prices. With the amendments to the Energy Act the next stage of the liberalization of the electricity retail market in Bulgaria has started. All low-voltage...