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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...

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...

New program compensating business consumers

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...

Ivan Ivanov is the now the 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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

Introduction of 15 min. settlement period is postponed

In order all market participants to adopt to the new conditions when introducing a 15-minute settlement period, preparation of IBEX for the introduction of a 15-minute market time unit (MTU) in the ID market segment , which is a mandatory condition for switching to 15 minutes...

Ministry of Energy proposes amendments in the Energy Act

According to the Ministry of Energy, extending the compensation scheme for high energy prices, ensuring the operation of energy companies affected by price volatility, fair treatment of all entities and improving the investment climate are the main goals of the amendments to the...

Position of MET Group regarding natural gas supply

Due to various media publications and comments regarding the supply of natural gas to Bulgaria, MET Group announced its official position: MET Group firmly rejects all unfounded allegations that have been published in Bulgarian media relating to Bulgaria’s natural gas supply. MET...

Record profits of Kozloduy NPP

An article published in Capital shows that the Kozloduy NPP was earning an average of BGN 10 million a day in the first quarter of this year, or a total of BGN 954 million profit for the period. For comparison, at the same time last year the profit was BGN 137.7 million, or...

Disruption of gas deliveries from Gazprom to Bulgaria

Regarding the suspension of natural gas supplies after their unilateral decision by OOO Gazprom Export on April 27, 2022, the Ministry of Energy and Bulgargaz EAD informed: After the notification of Gazprom Export LLC dated 26.04.2022 that the deliveries for Bulgargaz EAD are...

Hungary launches market for guarantees of origin

The news portal Serbia Energy announced that Hungary is launching organized market for guarantees of origin in June 2022. The guarantee of origin (GO) market in Europe has been growing steadily over the past decade, offering a flexible and efficient tool to help companies achieve...

Ten-year network development plan of Bulgartransgaz

Natural gas consumption in Bulgaria in 2021 was 35,430 GWh, which shows 13.06% increase compared to consumption in 2020 (31,337 GWh). According to data of NSI Overall Energy Balance for 2020, natural gas had a share of 14.1% in primary energy consumption and 13.7% in final...

The proposal for additional contributions to the SESF was rejected

A draft resolution was submitted to the National Assembly, obliging all power producers except those from coal and natural gas to make additional contributions to the Security of the electricity system fund (SESF). Their amount was set at 80% of the difference from the monthly...

Amendments to Ordinance 3 related to reporting to EWRC

Ordinance № 3 on licensing the activities in the energy sector introduced the obligation of wholesale market participants to keep a log of their transactions and orders of traded products. The introduced requirements for logging and data description were essentially overlapping...

First organized market for Guarantees of origin launches in 2022 by EPEX Spot

Monthly spot auctions planned in second quarter 2022 with clearing and delivery through ECC and EEX. The European Power Exchange (EPEX SPOT), European Energy Exchange (EEX) and European Commodity Clearing (ECC) plan to jointly launch a pan-European market for Guarantees of Origin...

Proposed notification procedure for new RES of up to 5MW for self-consumption

The information portal 3e-news reports that the members of the Energy Committee in the National Assembly with 9 votes in favor and 2 abstentions adopted at first reading a bill amending the Renewable energy act. Meanwhile, the chairman of the Energy Committee, Radosav Ribarski,...

EWRC accepts proposals for changes in the Ordinance on gas prices

The Energy and Water Regulatory Commission (EWRC) announced that regarding the procedure for amendments of Ordinance № 2 of 19.03.2013 on regulation of natural gas prices, the interested parties may submit argumentative proposals for amendments to the ordinance. The deadline for...

Compensations for network operators extended until end of March

Compensation of the network operators for the purchased electricity to cover network losses will continue until the end of March 2022. This was decided by the government by adopting changes to the program to compensate the costs of transmission and distribution system operators....

Volatile natural gas prices

The price of natural gas fell sharply in mid-February, reaching its lowest levels since the beginning of the year. According to analysts, the reason was the easing of tensions in Ukraine. Apart from the geopolitical factors, the relatively warm weather in continental Europe, as...

In case the gas deliveries are suspended, the government has a plan to suspend electricity exports

An article published in 3e-news draws attention to the Prime Minister’s statement that in case of suspension of gas supplies from Russia, the government is ready with measures including suspending the export of electricity. Bulgaria receives natural gas from a pipeline that...

Annual license fee to the EWRC

The Energy and Water Regulatory Commission (EWRC) reminds that by 25.03.2022 the licensed companies in the energy sector should submit a report for determining their annual license fee for 2021. The first installment of the annual license fee should be transferred to the EWRC...

OPCOM will no longer be monopoly trading platform in Romania

In article published by SEE Energy News is pointed out that the National Energy Regulatory Authority (ANRE) is preparing licensing orders, which could allow several electricity market operators to manage day-ahead or intraday electricity markets. The new secondary legislation...