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Principles for the development of successful energy markets and the role of sectoral associations

Sectoral and business associations contribute to the strengthening of regulatory institutions by providing their expertise in developing new regulatory framework and mechanisms for its implementation. Business associations are usually voluntary organizations uniting companies...

Bulgarian electricity market in 2020

The Energy and Water Regulatory Commission (EWRC) has adopted its annual report for 2020. The annual report includes detailed information on the work of the Commission in the sectors – “Electricity and heat”, “Natural gas”, “Water and Sewerage...

Data of the natural gas market in 2020

The ten-year network development plan (2020-2030) of the infrastructure for transmission and storage of natural gas of Bulgartransgaz EAD outlines the vision for development of the company in its capacity as an independent transmission operator and operator of underground gas...

Interview Martin Georgiev: Power producers use mainly DAM on IBEX

Mr. Georgiev, with the amendments to energy law, all non-household consumers are obliged to enter the liberalized market. What has changed for electricity traders? Currently, about 75% – 80% of small non-domestic consumers who were obliged to enter the free (liberalized)...

Planned reform of the Bulgarian power market

Bulgaria presented to the European Commission (EC) and subsequently to the participants in the electricity market in the country a detailed plan for power market reform. It aims to remove regulatory distortions so that the European Commission allows Bulgaria to introduce a...

New requirements for recording transactions with energy products in Bulgaria

From the beginning of 2021 are in force the amendments to Ordinance №3 on licensing of energy activities. They impose new obligations on market participants to keep a paper and/or digital trading log of wholesale energy transactions, including withdrawn and canceled orders. The...

Elections for managers of the large energy companies

Bulgarian Energy Holding EAD has launched procedures for election of members (representatives of the state) in the Boards of Directors in subsidiaries of Bulgarian Energy Holding (BEH) – public enterprises in which BEH owns 100% of the capital. The opened procedures include...

New producers will enter the liberalized market

On February 2, 2021, the amendments to the Energy Act came into force. They provide for a number of changes, the most significant of which is the obligation of smaller electricity producers to enter the liberalized market. Abolishment of the 5% income fee is applicable for new...

The “new” specifics of the energy markets

The article is published in Utilities magazine, February 2021 issue As early as the end of last year, the markets for electricity and energy products almost recovered to pre-pandemic price levels, despite the existing restriction in a number of European countries, incl. Bulgaria....

Application for obtaining natural gas trading license

The Energy and Water Regulatory Commission (EWRC) approved a template of an application for issuing a natural gas trading license. The approved application form also contains instructions, as well as a description of the annexes. The form includes the legal, technical and...