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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...

Opportunities to achieve the energy efficiency targets

ATEB was supporting partner of the event “Achieving Bulgaria’s Energy Efficiency Targets by 2020″, part of Energy Managers’ Forum organized by Utilities Magazine. The highlights of the event were captured in the article of 3e-news: Continues the search for...

EWRC organizes a public consultation on the natural gas trading platform

In addition to the public consultation on the natural gas trading platform, EWRC also held a public consultation on a Draft Agreement for the Implementation of a Natural Gas Release Program. EWRC had a public discussion on the proposal for Gas Trading Platform submitted by...

ACER’s report: Electricity and Gas wholesale and retail markets

Market coupling contributed to maintaining a high level of efficiency in the usage of available cross-border capacity in the day-ahead timeframe, reaching 87% in 2018. However, the margin available for cross-zonal trade is often much lower than the 70% target required by the...

Report of the EC on Electricity markets during the second quarter of 2019

Intensive coal-to-gas switching, which gathered pace in the electricity market at the beginning of this year, continued across the EU in Q2 2019 as gas prices headed to multi-year lows thanks to plentiful pipeline supplies and record LNG deliveries and as coal was heavily...

Large electricity consumers will be subsidized from the revenues for emission allowances

The Bulgarian state will subsidize industrial companies with energy-intensive production in order for them to remain in the country and not to move their business elsewhere. Up to 25% of the revenue generated from the auctioning of carbon emission allowances will be used for this...

Amendments in the Bulgarian Energy Act

On October 8, 2019, the amendments to the Energy Act were published in the State Gazette. Most of the changes are related to the gas market, but some of them are relevant to the electricity market: – The Energy and Water Regulatory Commission (EWRC) will approve the...

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...