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Governments are trying to weather soaring electricity and gas prices

From May to September the price on the power exchange in Bulgaria increased almost two times from 117.42 BGN/MWh to 218.17 BGN/MWh in August. In September (as of 29.09.2021) the levels are even higher – 244.0 BGN/MWh. However, the wholesale price of electricity in Bulgaria...

ESO implements daily tenders for balancing capacity

The Electricity System Operator (ESO) has announced that in compliance with Article 6 (9) of Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity, it will organize daily tenders for balancing capacities....

EC opinion on Bulgarian electricity market reform plan

At the beginning of the year (2021) Bulgaria sent to the European Commission (EC) its electricity market reform plan: https://ec.europa.eu/energy/consultations/consultation-bulgarian-market-reform-plan_en The plan includes a detailed timetable for adopting market reform measures....

Rising energy prices affects whole Europe

The article is published in Utilities magazine, issue February 2021. Electricity prices continue their upward trend, both in Bulgaria and in Europe. Starting in March 2021, the increase in wholesale electricity prices reached record levels in the last three months. In Bulgaria...

Rise of energy prices in Q1 2021

The first quarter of 2021 brought electricity consumption in Europe close to pre-pandemic levels, despite remaining restrictions on economic and social activity note the EC Quarterly (Q1, 2021) report on European electricity markets. However, part of the recovery stemmed from...

Natural gas traders must obtain a license till October 1, 2021

Only license holders will be able to trade in natural gas, according to the Energy and Water Regulatory Commission. According to the adopted amendments to the Energy Act as of 01.10.2021, the activity “trading with natural gas” will be carried out on the basis of an issued...

The updates of the National recovery and resilience plan

12.6 BGN billion from the EU and over 8.2 BGN billion in Bulgarian co-financing – this is the framework of the fourth version of the Recovery and resilience plan. The green transition is at the forefront of the plan, concentrating 38.1% of the total estimated costs. The...

EWRC inspection found violations in Bulgartransgaz actions

Mediapool reports that all contracts for the constuction and financing of the extension of the Turkish Stream gas pipeline on Bulgarian territory – the so-called “Balkan Stream” were concluded by the state gas operator Bulgartransgaz (BTG) in violation of the...

EWRC adopted the new tariffs for the regulated market

At a closed meeting, the Energy and Water Regulatory Commission adopted decisions on prices in the electricity and heat sectors, which enter into force on 1 July 2021. The authors of the decision from EWRC state that “at present there is no data from the platforms of the...

Natural gas prices in Bulgaria continue to rise

As of July 1, the price of natural gas approved by the Energy and Water Regulatory Commission (EWRC) is 49.94 BGN / MWh or an increase of 10% compared to the previous month of June (45.27 BGN/ MWh). On the other hand, the June price set a record for monthly increase. At that time...