ATEB – Association of traders with electricity in Bulgaria

ATEB’s position on the draft compensation program for energy-intensive consumers

The Association of Traders with Electricity in Bulgaria submitted a position paper to the Ministry of Energy and the Ministry of Finance regarding the draft government decree on the compensation program for energy-intensive electricity consumers. ATEB supports linking state aid...

23.10.2025

The electricity market in Bulgaria is transitioning to 15-minute trading

As of October 1, 2025, the electricity market in Europe, including Bulgaria, has transitioned to trading in 15-minute intervals instead of the previous hourly ones. The new model introduces 96 price intervals per day, allowing for a more precise alignment between supply and...

06.10.2025

Valery Drenikov Represents ATEB at ETCSEE 2025 in Vienna

The Chairman of the Association of Traders with Energy in Bulgaria (ATEB) and Country Manager of GEN-I Bulgaria, Valery Drenikov, took part in the prestigious energy forum ETCSEE 2025 (Energy Trading Central & South Eastern Europe), held at the Hofburg Palace in Vienna in...

16.06.2025

RE-Source SEE 2025 Conference

RE-Source Southeast, the largest event dedicated to corporate renewable energy sourcing in Southeast Europe, will be held for the 5th time in Sofia. Save the dates 21-22 May 2025! The 2025 event will address the latest trends in power purchase agreements (PPAs), electricity...

07.03.2025

Signed Grant Agreements with the Electricity Distribution Companies and Electricity System Operator

Caretaker Minister of Energy Vladimir Malinov signed contracts Monday for grant assistance from the Modernization Fund for the implementation of projects with the representatives of Electricity Distribution Networks West EAD, Electricity Distribution North AD, Electricity...

23.12.2024

ATEB called for a working group on liberalisation at the Powers Summit 2024

Valeri Drenikov, Deputy Chairman of the Association of Traders with Energy in Bulgaria, proposed to create a working group with the participation of all stakeholders on the full liberalization of the energy market during the fourth edition of the Powers Summit forum, which...

12.12.2024

December 5, 2024 is the RESTORE Application Deadline

Until 16:30 h on 05.12.2024. it will be possible to apply for the “National infrastructure for storage of renewable energy” (RESTORE) call of the National Recovery and Resilience Plan (NRRP). The investment will support the construction and commissioning of a national...

21.08.2024

Electricity Market Liberalization Postponed For One Year

The Law on Amendments and Supplements to the Energy Act, adopted by the 49th National Assembly on April 25, 2024, has been published in the State Gazette №39/May 1st, 2024- The Law provides for the postponement of the final stage of the liberalization of the electricity market...

10.05.2024

RE-Source Southeast 2024 Conference

RE-Source Southeast – the largest event dedicated to the corporate procurement of renewable energy in Southeastern Europe, will take place for the 4th year in a row in Sofia. Save the dates May 15-16, 2024 and register now! The 2024 event will address the latest...

18.03.2024

Conference Energy Trade Central and Southeast Europe 2024

The Conference Energy Trade Central and South Eastern Europe 2024 (ETCSEE) is a 2-day event dedicated to energy trade. ETCSEE 2024, which takes place on June 5-6 in Budapest, Hungary, is one of the most significant events in the region for the electricity and natural gas sectors....

08.03.2024

ATEB’s Position On Extra Taxation Prolongation In 2024 / 20.11.2023

POSITION OF ATEB ON THE DRAFT LAW ON THE STATE BUDGET OF THE REPUBLIC OF BULGARIA FOR 2024. Regarding the above mentioned Position ATEB addressed the Council of Ministers of Bulgaria, the Ministry of Energy, the Ministry of Economy and Finance, the Parliamentary Committees on...

22.11.2023

RE-Source Southeast Conference 2023

RE-Source Southeast is the go to event for corporate sourcing of renewable energy in the SEE region! While self-consumption and on-site generation is still the prevailing choice for SEE corporates, the PPA market has the potential to catch up fast, as first deals have already...

10.05.2023

The new annual almanac of the Bulgarian energy industry, Energy Info BG

The annual Bulgarian energy almanac Energy Info BG 2023 has been published. What is new in it are up-to-date expert opinions of leading analysts and specialists in the energy sector in our country. They discuss for the users of the publication the challenges facing the energy...

13.04.2023

Conference Energy Trading Central and South Eastern Europe

ETCSEE 2023 is а 2-day conference-led event for the energy trading community. ETCSEE 2023, taking place on 14-15 June in Vienna, Austria, is one of the most recognised events for the energy trading industry. With 2 days of exclusive networking and a comprehensive programme,...

28.03.2023

Planned amendments to the balancing methodology

Energy and water regulatory commission (EWRC) published a draft amendments to the Electricity Trading Rules (ETR), including a new methodology for determining the prices of balancing energy, which is part of ETR:...

08.03.2023

In force are the amendments in Energy Act and Licensing ordinance

On Friday (24.02.2023) the changes to Ordinance 3 on licensing of the activities in the energy sector were published. Also at the beginning of February the amendments to the Energy Act came into force. The changes regulate the work of new market participants, increase the...

24.02.2023

Financial contributions from traders and power producers to support end consumers

At the end of 2022, amendments to the Law on Implementation of the provisions of the State Budget Act came in force, obliging electricity producers and electricity traders to make financial contributions to the Security of the electricity system fund (SESF). The aim is to use the...

30.01.2023

The draft energy strategy relies on new NPP, RES and HPPs

The Ministry of Energy (ME) published a draft energy strategy entitled Strategic vision for sustainable development of the electricity sector of the Republic of Bulgaria with a horizon till 2053. In it, the ME based its scenarios for the country’s energy development on two...

24.01.2023

Production and consumption in 2022

In 2022, In Bulgaria was observed extremely high electricity production equal to 50.4 TWh. The generation structure was dominated by coal-fired thermal power plants, followed by the Kozloduy nuclear power plant and hydroelectric plants, with the percentage distribution by plant...

24.01.2023

Gas agreement between Turkey and Bulgaria

The contract with the Turkish company Botaş is for infrastructure usage, for supply of liquefied natural gas (LNG) and is of strategic importance. This was said by the acting Minister of Energy Rosen Hristov during his hearing in the Committee on Energy in the National Assembly....

24.01.2023

Kozloduy NPP waives penalties and pays compensations

According to a publication in Mediapool, Kozloduy NPP has refused to continue lawsuits filed by its previous management against four electricity traders associated with businessman Hristo Kovachki. The nuclear power plant claimed BGN 129 million due to unfulfilled electricity...

20.01.2023

Founding of the first regional energy exchange

Slovenian and Serbian TSOs along with EPEX SPOT established the first regional power exchange for Central and South-Eastern Europe. Alpine-Adriatic Danube Power Exchange – ADEX was officially established on 23 December 2022 in Ljubljana via formal signature of its founding...

04.01.2023

Overhauls of power plants in 2023

In 2023, the Bulgarian Kozloduy nuclear power plant will operate at a reduced capacity due to the overhaul of two units, which will last a total of 70 days. Also, TPP Marica Istok 2 is undergoing overhaul, and for a significantly longer period, while HPP Chaira will be offline...

03.01.2023

Taxation of revenues of electricity traders and electricity producers

On December 1, Regulation (EU) 2022/1854 of the Council of the European Union on emergency intervention to address high energy prices entered into force. The regulation is mandatory and designed to impose supporting measures for consumers to tackle high energy prices. This...

15.12.2022

Termination of Bulgarian natural gas release programme

The parliament adopted the waiver of the obligation of the state gas supplier Bulgargaz to sell part of its quantities of natural gas to the Balkan gas hub (local gas exchange) in order to provide liquidity to the state gas exchange and participate in the liberalization of the...

12.12.2022

Outlook for the electricity market during the winter season

The article was published in the December issue of Utilities magazine. With the approach of the first cold weeks of November, consumption (Figure 1) and electricity prices went up. Whether this will continue in the coming months of the winter period remains to be seen. The...

06.12.2022

Financial compensations to businesses for high electricity prices continue through 2023

The mechanism of financial compensation for non-household consumers in Bulgaria, including companies, hospitals, schools, administrative institutions, religious temples and others, will be extended until the end of 2023. This was decided by the members of the Parliament (MPs) on...

02.12.2022

Guarantees of origin prices soar

On 20 September, Hungarian energy exchange HUPX organized the first guarantees of origin (GO) auction in Europe, where all market participants active in any AIB member had the opportunity to sell GOs. The first pan-European GO market then hold monthly auctions, the second auction...

01.12.2022

Development of the network and generation capacities in Bulgaria for the next 10 years

In its ten-year network development plan, the Electricity System Operator (ESO) foresees an insignificant change of gross electricity consumption in Bulgaria. The ESO considers three consumption scenarios presented in the figure below: The scenario of the integrated national...

10.11.2022

Comparison of electricity prices and wages in the region

Hungary, where the average salary is 885 euros the price of electricity per kilowatt hour is 9.48 euro cents. However, there are countries in the region with lower incomes, but at the same time with higher electricity bills. For example, it is Bosnia and Herzegovina, where the...

09.11.2022

Compensation program for all business consumers till the end of 2022

At its last meeting, the Council of Ministers approved the new program for compensating the costs of electricity for non-household end consumers, as well as network operators for purchasing electricity to cover technological losses. The two programs cover the period from...

03.10.2022

IGB started commercial exploitation

The President of the EC and heads of state welcomed the first quantities of natural gas delivered through the interconnector Greece – Bulgaria (IGB) during an official event in Sofia; the gas pipeline became operational on the first day of the new gas year – October 1, 2022. The...

01.10.2022

On 1st of October launch the 15-minute settlement period

The implementation of the 15-minute settlement period in the balancing market started today, October 1st. Until now, the settlement period was 1 hour. The introduction of a settlement period of 15 minutes is in accordance with Regulation (EU) 2017/2195 of 23.11.2017 and is a...

01.10.2022

EC adopts mandatory measures to address the energy crisis

EU energy ministers reached a political agreement on a regulation on an emergency intervention to address high electricity prices. The regulation will be formally adopted by written procedure in the coming days. The European commission (EC) decides to intervene because gas and...

30.09.2022

Regional Approach Sofia: Energy goes both ways

On Thursday, September 15, from 12:00 PM, Energynomics organizes at Rosslyn Central Park Hotel (106, Vitosha Blvd., 1463) in Sofia the third conference in our Regional Approach series in 2022. This B2B in-person conference is an excellent opportunity to interact with the...

13.09.2022

New balancing model as a result of amendments in the electricity trading rules

This article is published in the September issue of Utilities magazine. At the beginning of September, it is expected that the new Electricity Trading Rules (ETR) will come in force and will be applied at the beginning of October. The changes in ETR, which were proposed by the...

02.09.2022

The energy exchange pays a 7.8 million dividends to the stock exchange

Independent Bulgarian Energy Exchange EAD (IBEX) will distribute its entire profit for 2021 in the amount of BGN 7.8 million as a dividend to its sole owner – the Bulgarian Stock Exchange AD (BSE). This was decided by the board of directors of BSE, which accepted the...

01.09.2022

15-minute settlement period is scheduled to start on October 1st

According to the agreement between EWRC, ESO and IBEX, the actual implementation of the 15-minute settlement period on balancing market is expected to start on October 1, 2022. According to ESO, the operator was ready with its introduction already on July 1 this year. The delay...

03.08.2022

Proposed amendments in the market and power exchange rules

The Energy and water regulatory commission (EWRC) held public discussions on draft rules for amending and supplementing the Electricity trading rules /ETR/ and the Operation rules of IBEX (power exchange rules). The amendments to the Electricity Trading Rules introduce a number...

03.08.2022

New program compensating business consumers

02.08.2022

Ivan Ivanov is again acting chairman of EWRC

On 21.07.2022, the Constitutional Court (CC) ruled on a decision in constitutional case No. 4/2022, declaring unconstitutional the Decision of the National Assembly of 9 February 2022 on the election of the Chairman of the Energy and Water Regulatory Commission (EWRC). With this...

29.07.2022

The largest energy companies in 2021

An article published in Capital provides an overview of the financial results of the largest energy companies in Bulgaria. The article is part of the ranking “K100: The largest companies in Bulgaria.” The turnover of the top 35 energy companies doubles to 27.5 billion...

29.07.2022

Bulgargaz announced required quantities

At its meeting, the Energy and water regulatory commission (EWRC) adopted a decision by which it urgently demanded information from the state-owned companies regarding the measures they are undertaking to prevent a crisis with natural gas supplies during the winter season. The...

26.07.2022

Q1 2022 EU electricity market report

The Quarterly report on European electricity markets prepared by the Market Observatory for Energy of the European Commission aims at enhancing public access to information about prices of electricity in the Member States of the European Union. The first quarter of 2022 was...

13.07.2022

SAC canceled the disputed requirement for issuing a permit for water abstraction

The Supreme Administrative Court (SAC) annulled texts from the Ordinance on the use of surface water, adopted by the Council of Ministers on March 23 last year, which oblige the owners of hydropower plants to present a document for an established right of construction when...

07.07.2022

Changes in the energy legislation

This Tuesday (07/05/2022) the changes to the State Budget Act were promulgated and entered into force. They envisage that all non-household consumer will pay a price of 250 BGN /MWh for electricity until the end of 2022. The difference between the monthly spot prices and 250 BGN...

05.07.2022

Price decision of the EWRC for 2022/2023

On 01.0.2022 the final price decision was published by the Energy and Water Regulatory Commission (EWRC) for the period 2022/2023. EWRC determines estimated market price of 430.94 BGN / MWh. The data used by the commission for its calculations is based on the long-term auctions...

01.07.2022

Resignation of the Energy Minister and the Government

The Minister of Energy Alexander Nikolov, in compliance with the decision of his political party resigned on 13.06.2022. The Minister will continue to perform his duties even in resignation until the appointment of a new Minister of Energy. More than a week later, on 22.06.2022,...

28.06.2022

The project of Yadenica dam at the Belmeken-Chaira cascade has been resumed

The Minister of Energy announced the launch of one of the most key projects for the energy system – the Yadenitsa dam. The dam will allow pump-storage Chaira to operate at full capacity for 20 hours. So the total operational capacity will increase 2 times. PS...

16.06.2022

Electricity markets and balancing price anomalies

The article is published in the June issue of Utilities magazine. The forecasts from the middle of last year for stabilization of the electricity and natural gas markets in the spring of 2022 did not come true. On the contrary, driven by the same factors as in 2021 and fueled by...

03.06.2022

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