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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...
03.06.2022

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...
01.06.2022

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...
27.05.2022

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...
04.05.2022

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...
03.05.2022

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...
02.05.2022

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...
29.04.2022

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...
16.04.2022

Energy Trading Central and South Eastern Europe 2022

ETCSEE 2022, taking place in Budapest on 15 – 16 June 2022, is one of the most recognised events for the energy trading industry. With 2 days of exclusive networking and a comprehensive programme, ETCSEE brings together high-level trading representatives, trading firms and...
11.04.2022

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...
31.03.2022
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