Annual revenues from emissions trading (EUA) of Bulgaria in 2021 reached 830.9 million euros (1.6 billion levs) or nearly twice as much as the previous year according to the European Energy Exchange (EEX), reports Energy Management Institute. Bulgarian allowances are traded on a joint EEX platform together with 30 other European countries and the allowances of the Innovation and Modernization Funds.
In November 2021, a record revenue for Bulgaria from the EU ETS of 97 million euros was achieved. During the operation of the entire third phase of the EU ETS (2013-2020) the monthly revenues from allowances for Bulgaria only twice exceeded 50 million euros. Then throughout 2021 they are over 60 million euros, with the exception of August with EUR 48 million, which is expected due to the smaller number of allowances offered.
In 2022, the emission allowances that are intended for sale according to the EEX calendar for Bulgaria are 10.9 million or 31% less than last year.
Revenues from emission allowances in Bulgaria are also an important tool for influencing the regulated prices. The Security of the electricity system fund pays 100% of the revenues from the auction sale of all emission allowances allocated to the Republic of Bulgaria to be used to reduce the price of the fee “Obligation to society”. When determining the prices in the Electricity sector (decision Ц-27 / 1.07.2021) the energy regulator forecasted the revenues from the sale of emission allowances to reach BGN 1,642,890,000 (EUR 840 million) for the period 1.07.2021-30.06.2022. Revenues from the sale of allowances from July to December 2021 are nearly 462 million euros or 55% of the forecast has already been fulfilled.
You can read the whole article HERE (available only in Bulgarian).
Source: Energy management institute