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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...

Bulgaria will be better coupled with the European markets, which will influence the electricity prices

We publish an interview of the chairman of ATEB – Martin Georgiev for Investor.bg: 1. The decline in electricity production marked the whole 2020. A particular decline is observed in baseload capacities, while renewables are growing. The decline in production from...

Changes in the operational rules of the power exchange

At the end of last year, the Energy and water regulatory commission (EWRC) proposed an amendment to the operational rules of the Independent Bulgarian Energy Exchange (IBEX). It envisages that IBEX will be able to temporarily suspend the operation of a trading screen on the...

Rising natural gas prices

European gas prices surged to more than two-year highs in early Tuesday trading, underpinned by anticipation of colder weather and concerns of dwindling LNG supply due to soaring Asian prices. The day-ahead Dutch TTF contract was seen up EUR 2.50 at around its highest level since...

New proposals in the Energy Act are under discussion

The Bill amending the Energy Act is currently under discusion before a second vote. The significant that will have an effect on the electricity market are the following: Obligation for producers from RES and Co-generation with installed capacity between 1 MW and 500 kW to enter...

EWRC launched price comparison tool for electricity

Energy and Water Regulatory Commission (EWRC) has set up a platform for comparing offers and concluding contracts with electricity suppliers. The purpose of the information system is to help end consumer choose supplier on the liberalized market. The centralized information...

ACER’s report on the availability of minimum cross-zonal capacity

Europe’s Clean Energy Package (CEP) has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading (the “minimum 70% target”). The lack of sufficient cross-zonal capacity is one of the main barriers to the integration of...

Review of the first year of operation of the natural gas exchange

The material is an excerpt from an article published in Mediapool. The full article is available on Mediapool’s website: https://www.mediapool.bg/gazovata-borsa-mezhdu-gramkite-frazi-i-realnostta-news315815.html A year after the start of the gas exchange in Bulgaria, the volumes...

Natural gas prices surge in the end of the year

The third quarter of 2020 is another dynamic period on the European natural gas market. Spot prices during this period are going mainly upwards, shows the data. The price of TTF for the day ahead increased from 5.66 euros per MWh at the beginning of the quarter to 12.26 euros to...

Proposals for procedure to connect new RES to the grid

The proposals for changes in the Renewable Energy Act published by the National Committee of the World Energy Council are submitted between the first and second reading of the Energy Act. The amendments propose the distribution network operators to carry out a procedure for...

Market coupling initiatives in 2021

The material is an excerpt from an article published in the magazine “Energy, electricity perspectives” Currently, the most significant project in terms of market impact in Bulgaria, in which IBEX has focused its efforts, is the integration of the DAM with Romania....

Romanian EC Oltenia planning to develop new generation units

The news portal Serbia-Energy announced that state-owned coal-fired electricity producer Energy Complex (EC) Oltenia company plans to develop new production units with combined installed capacity of about 2,000 MW. It will develop eight solar power plants in Turceni, Rovinari,...

EFET’s analysis highlights market inefficiencies in Bulgaria

At the end of October 2020 the European Federation of Energy Traders (EFET) issued its annual report identifying market inefficiencies on the member states of the European union. The analysis focuses on the countries in Central and Eastern Europe. The key barriers recognized in...

Higher price of natural gas in November

The Energy and Water Regulatory Commission held a closed meeting, at which it adopted a decision on the application submitted by Bulgargaz EAD for approval of a price for natural gas for November 2020, at which the public supplier will sell natural gas to end suppliers and...

Volatility on the energy markets

This article was published in the November issue of Utilities magazine. In recent weeks, energy product futures have been traded differently on European markets. The new wave of coronavirus and the introduction of restrictions in a number of European countries are driving...