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Comparison of electricity prices and wages in the region

Hungary, where the average salary is 885 euros the price of electricity per kilowatt hour is 9.48 euro cents. However, there are countries in the region with lower incomes, but at the same time with higher electricity bills. For example, it is Bosnia and Herzegovina, where the...

Compensation program for all business consumers till the end of 2022

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...

IGB started commercial exploitation

The President of the EC and heads of state welcomed the first quantities of natural gas delivered through the interconnector Greece – Bulgaria (IGB) during an official event in Sofia; the gas pipeline became operational on the first day of the new gas year – October 1, 2022. The...

On 1st of October launch the 15-minute settlement period

The implementation of the 15-minute settlement period in the balancing market started today, October 1st. Until now, the settlement period was 1 hour. The introduction of a settlement period of 15 minutes is in accordance with Regulation (EU) 2017/2195 of 23.11.2017 and is a...

EC adopts mandatory measures to address the energy crisis

EU energy ministers reached a political agreement on a regulation on an emergency intervention to address high electricity prices. The regulation will be formally adopted by written procedure in the coming days. The European commission (EC) decides to intervene because gas and...

Regional Approach Sofia: Energy goes both ways

On Thursday, September 15, from 12:00 PM, Energynomics organizes at Rosslyn Central Park Hotel (106, Vitosha Blvd., 1463) in Sofia the third conference in our Regional Approach series in 2022. This B2B in-person conference is an excellent opportunity to interact with the...

New balancing model as a result of amendments in the electricity trading rules

This article is published in the September issue of Utilities magazine. At the beginning of September, it is expected that the new Electricity Trading Rules (ETR) will come in force and will be applied at the beginning of October. The changes in ETR, which were proposed by the...

The energy exchange pays a 7.8 million dividends to the stock exchange

Independent Bulgarian Energy Exchange EAD (IBEX) will distribute its entire profit for 2021 in the amount of BGN 7.8 million as a dividend to its sole owner – the Bulgarian Stock Exchange AD (BSE). This was decided by the board of directors of BSE, which accepted the...

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...