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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...
02.08.2022

Ivan Ivanov is again 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...
29.07.2022

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...
29.07.2022

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...
26.07.2022

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...
13.07.2022

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...
07.07.2022

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...
05.07.2022

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...
01.07.2022

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,...
28.06.2022

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...
16.06.2022
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