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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...

The ENTSO-E Summer Outlook 2020

The need to rely on non-market measures to ensure security of supply in rather isolated Mediterranean systems such as Malta is common in summer periods. The Summer Outlook 2020 highlights some risks in this respect, but non-market measures should be sufficient to cope with...

EWRC starts a REMIT investigation

The Energy and Water Regulatory Commission (EWRC) adopted a decision to initiate proceedings, because of potential violation of Art. 3 and Art. 5 of Regulation (EU) № 1227/2011 / REMIT / on the integrity and transparency of the wholesale energy market. The violation is for...

EWRC report on prices for the new regulatory period

EWRC announced its draft report on the regulated prices for the new period between 1.07.2020 and 30.06.2021. The presented document does not take into consideration the government’s plan to bring all business consumers to the liberalized market. As a result, the estimated...

All business consumers will enter the liberalized market on 1st of October

All business consumers will enter the liberalized electricity market from October 1, 2020. This is stated in a bill amending the Energy Act, submitted for discussion in the National Assembly on 29.05.2020 by the Chairman of the Energy Committee – Valentin Nikolov and a...

The price of natural gas is 9% lower in June

The Energy and Water Regulatory Commission held a closed meeting, at which it adopted the price of natural gas at which the public supplier would sell natural gas to suppliers and thermal heating plants. In the decision of the Commission the approved price of natural gas from...

Regulatory changes on the electricity market

The article was published in the June issue of Utilities magazine Despite the state of emergency in the country, the last two months have been full of event concerning the regulatory framework governing the operation on the liberalized market. At the beginning of May, the new...

BEH’s profit grow in 2019

The Bulgarian Energy Holding reports a significant increase in profit for 2019. The earnings before tax from the activity of the BEH group amounts to BGN 419.2 million, it is clear from the report of the holding. Profit increased by 292.2% in just one year, while the holding...

EWRC approved the changes in gas prices for the first three months of 2020

The Energy and Water Regulatory Commission held a closed meeting, at which it adopted decisions on the applications submitted by Bulgargaz EAD for approval of natural gas prices for the periods 1 January – 31 January 2020, 1 February – 29 February 2020 and 1 March...

The regulatory period can be extended up to two months

The parliament has provided an option to postpone the regulator’s decision on new electricity prices for up to two months. The Energy and Water Regulatory Commission (EWRC) could postpone its decision on new electricity prices by up to two months, parliament decided. The...

Ministry of Energy is proposing amendments to the Energy Efficiency Act

Ministry of Energy proposes for public consultation draft amendments to the Energy Efficiency Act (EEA). They were developed due to the need for transposing into national legislation he amendments to the directives on the energy performance of buildings and the Energy efficiency...

EWRC approved the new ETR

EWRC published meeting minutes of a closed Commission’s meeting at which the final texts of Electricity trading rules (ETR) were approved. The changes will come into force after their announcement in а State Gazette. Some of the more important points are: The definition of...

Lower natural gas price in May

The Energy and Water Regulatory Commission (EWRC) held a closed meeting adopting the price of natural gas at which the public supplier would sell natural gas to suppliers and thermal heating plants. The gas price approved by the Commission as of 1 May 2020 is 22.35 BGN/MWh...

Electricity consumption in Bulgaria and Europe continues to decline

According to aggregate data for Europe, prepared by Bruegel, electricity consumption in Bulgaria during the second week of April dropped by 16%. The Institute points out that electricity consumption is one of the indicators through which the effects of the coronavirus pandemic on...

EWRC publishes draft operational rules of IBEX for discussion

Energy and water regulatory commission published for public consultation draft operational rules of an organized electricity market. According to the Energy Act, the electricity exchange operator is obliged to submit to the Regulator for approval the Operational rules of an...

EWRC published the price propositions of the energy companies for the new regulatory period

The Energy and Water Regulatory Commission has published on its website the proposals of the energy companies for price changes on the Regulated market. EWRC also published a comparative table of the changes proposed by the companies compared to the current prices: The complete...

NPP Belene procedures are delayed due to COVID-19

Bulgaria has notified Rosatom of a change in the timing of the tender for the construction of Belene NPP due to the coronavirus. The deadlines for extending the auction preparation depend on the duration of the measures to restrict the spread of the coronavirus, a Rosatom...

BSE registers a clearing house

The Bulgarian Stock Exchange (BSE) has informed the Financial Supervision Commission about the formation of a joint-stock company between Bulgarian Stock Exchange AD and Central Depository AD (CD) called Clear EX (“Clear Ex” AD). The new company is expected to provide...

Bulgargaz will decide how to compensate the business due the lower gas prices

Bulgargaz will have to find a way to return the surplus money to businesses that they have paid on the free market for natural gas. This was decided yesterday by the MPs after adopting the amendments to the Energy Act. The decision came after Gazprom agreed to repay BGN 150...

Fifth reactor of Kozloduy NPP in an annual overhaul

On April 11, 2020, began the scheduled annual overhaul of the fifth reactor of NPP Kozloduy. During the overhaul, the necessary repairs, maintenance of equipment and systems of the unit will be completed, as well as refueling of the reactor with nuclear fuel for the new 27th fuel...

Reimbursements due to the lower prices of natural gas are postponed

Economic.bg announces that the final vote on the bill amending the Energy Act related for reimbursements due to lower natural gas prices is postponed. This was confirmed by the Chairman of the Energy Committee Valentin Nikolov. The proposed amendments, which were voted at the...