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 spot price and 200 BGN. For RES producers, it was proposed that the fee is formed as 80% of the difference between the monthly spot price and their estimated market price.
The proposed effective period of the measure is from April to December 2022. The main share of the contributions would come from the state-owned Kozloduy NPP and the National Electric Company (NEK), as the largest producers affected by the measure. RES would contribute about 5% of the total funds under the mechanism.
Due to many controversial points and discrepancies with the guidelines of the European Commission’s REpowerEU package for tackling high energy prices, MEPs in the Energy Committee rejected the draft decision. However, almost a week later, the same proposal was re-submitted to the National Assembly, this time in the form of amendments to the Energy Act (EA), creating a new Article 36e imposing the additional tax on producers’ revenues.
The proposed bill has two novelties compared to the draft decision. It excludes from the measure the producers of electricity using biomass, and includes coordinators of balancing groups having a contract with producers at a fixed price. Consultation and voting of the bill is not yet scheduled, and it is likely to take place within the next two weeks.
Link to the proposed amendments to the EA: https://www.parliament.bg/bills/47/47-254-01-32.pdf
Source: National Assembly
