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EC opinion on Bulgarian electricity market reform plan

At the beginning of the year (2021) Bulgaria sent to the European Commission (EC) its electricity market reform plan: https://ec.europa.eu/energy/consultations/consultation-bulgarian-market-reform-plan_en The plan includes a detailed timetable for adopting market reform measures....

Rising energy prices affects whole Europe

The article is published in Utilities magazine, issue February 2021. Electricity prices continue their upward trend, both in Bulgaria and in Europe. Starting in March 2021, the increase in wholesale electricity prices reached record levels in the last three months. In Bulgaria...

Rise of energy prices in Q1 2021

The first quarter of 2021 brought electricity consumption in Europe close to pre-pandemic levels, despite remaining restrictions on economic and social activity note the EC Quarterly (Q1, 2021) report on European electricity markets. However, part of the recovery stemmed from...

Natural gas traders must obtain a license till October 1, 2021

Only license holders will be able to trade in natural gas, according to the Energy and Water Regulatory Commission. According to the adopted amendments to the Energy Act as of 01.10.2021, the activity “trading with natural gas” will be carried out on the basis of an issued...

The updates of the National recovery and resilience plan

12.6 BGN billion from the EU and over 8.2 BGN billion in Bulgarian co-financing – this is the framework of the fourth version of the Recovery and resilience plan. The green transition is at the forefront of the plan, concentrating 38.1% of the total estimated costs. The...

EWRC inspection found violations in Bulgartransgaz actions

Mediapool reports that all contracts for the constuction and financing of the extension of the Turkish Stream gas pipeline on Bulgarian territory – the so-called “Balkan Stream” were concluded by the state gas operator Bulgartransgaz (BTG) in violation of the...

EWRC adopted the new tariffs for the regulated market

At a closed meeting, the Energy and Water Regulatory Commission adopted decisions on prices in the electricity and heat sectors, which enter into force on 1 July 2021. The authors of the decision from EWRC state that “at present there is no data from the platforms of the...

Natural gas prices in Bulgaria continue to rise

As of July 1, the price of natural gas approved by the Energy and Water Regulatory Commission (EWRC) is 49.94 BGN / MWh or an increase of 10% compared to the previous month of June (45.27 BGN/ MWh). On the other hand, the June price set a record for monthly increase. At that time...

State-owned energy companies agree to reduce costs

Mediapool reports that the companies from the group of the Bulgarian Energy Holding (BEH) have submitted to the Minister of Energy Andrey Zhivkov plans for their financial recovery, which envisage a reduction of their costs between 10 % and 30%. The proposals of each company are...

New prices for the suppliers of last resort

The Energy and Water Regulatory Commission held a public consultation of a draft Methodology for determining the electricity prices of the supplier of last resort (SLR). According to the commission, the current methodology regulates the method of determining the electricity...

Тhe new regulated prices proposed by EWRC

The Energy and Water Regulatory Commission (EWRC) published its draft decision for regulated prices in the Electricity sector for the period 01.07.2021 / 30.06.2022. The authors of the project from the EWRC working group state that “at present there is no data from the platforms...

The majority of small business consumers haven’t entered the liberalized market

An article published by 24chasa follows the process of small business customers entering the liberalized electricity market. An excerpt from the article is published below. You can access the complete article at: https://www.24chasa.bg/novini/article/9838984 Only 10 days left to...

Uncertainty in the energy markets

The article is published in the June issue of Utilities magazine. While in the last year we witnessed a decline in consumption and a collapse in the prices of electricity and energy products, this year the situation is completely different. In the last 3 months there has been a...

Hydrogen production – prices and technological perspectives

An article by Investor.bg follows the development of technologies for hydrogen production, as well as the prices at which is traded. An excerpt from the article is published below. You can read the original at:...

Emissions and gas prices continue to rise

An article published in 3e-news notes that the value of emission allowances in Europe continues its upward trend. Five days ago the futures for December reached 50 euros per ton, more than doubling compared to the level before the coronavirus pandemic. On Monday, May 10, emission...

Changes of the power exchange operational rules

The Energy and Water Regulatory Commission proposed amendments to the operational rules of the power exchange. The main contributor to the project is the Independent Bulgarian Energy Exchange (IBEX). According to the EWRC and IBEX, the changes in the rules are necessary due to...

The Regulator is considering adopting new prices for the Suppliers of last resort

Capital published an article highlighting regulator’s plans to adopt a new methodology for setting electricity prices for Suppliers of last resort (SLR). You can find the complete article at:...

Investments in the energy sector part of the recovery plan

The newspaper 24 Chasa published an article focused on the key investments envisaged in the third edition of the Recovery plan. An overview of the investment in the energy sector is presented below. Total investments for a green transition of the economy have increased by nearly...

Individual targets under the energy efficiency obligation scheme

The Sustainable energy development agency (SEDA) published a list of obliged parties under the energy efficiency obligation scheme (EEOS). The list contains the names of energy traders and traders of fuels and their designated individual targets for 2021: The new EEOS, alongside...

Sanctions methodology for market violations is in force

On April 14, 2021, the methodology for determining sanctions and fines for manipulation of the power market (violations under the REMIT Regulation) entered into force. The methodology was developed by the Energy and Water Regulatory Commission (EWRC). In general, the sanctions...

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...