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Financial contributions from traders and power producers to support end consumers

At the end of 2022, amendments to the Law on Implementation of the provisions of the State Budget Act came in force, obliging electricity producers and electricity traders to make financial contributions to the Security of the electricity system fund (SESF). The aim is to use the...

The draft energy strategy relies on new NPP, RES and HPPs

The Ministry of Energy (ME) published a draft energy strategy entitled Strategic vision for sustainable development of the electricity sector of the Republic of Bulgaria with a horizon till 2053. In it, the ME based its scenarios for the country’s energy development on two...

Production and consumption in 2022

In 2022, In Bulgaria was observed extremely high electricity production equal to 50.4 TWh. The generation structure was dominated by coal-fired thermal power plants, followed by the Kozloduy nuclear power plant and hydroelectric plants, with the percentage distribution by plant...

Gas agreement between Turkey and Bulgaria

The contract with the Turkish company Botaş is for infrastructure usage, for supply of liquefied natural gas (LNG) and is of strategic importance. This was said by the acting Minister of Energy Rosen Hristov during his hearing in the Committee on Energy in the National Assembly....

Kozloduy NPP waives penalties and pays compensations

According to a publication in Mediapool, Kozloduy NPP has refused to continue lawsuits filed by its previous management against four electricity traders associated with businessman Hristo Kovachki. The nuclear power plant claimed BGN 129 million due to unfulfilled electricity...

Founding of the first regional energy exchange

Slovenian and Serbian TSOs along with EPEX SPOT established the first regional power exchange for Central and South-Eastern Europe. Alpine-Adriatic Danube Power Exchange – ADEX was officially established on 23 December 2022 in Ljubljana via formal signature of its founding...

Overhauls of power plants in 2023

In 2023, the Bulgarian Kozloduy nuclear power plant will operate at a reduced capacity due to the overhaul of two units, which will last a total of 70 days. Also, TPP Marica Istok 2 is undergoing overhaul, and for a significantly longer period, while HPP Chaira will be offline...

Taxation of revenues of electricity traders and electricity producers

On December 1, Regulation (EU) 2022/1854 of the Council of the European Union on emergency intervention to address high energy prices entered into force. The regulation is mandatory and designed to impose supporting measures for consumers to tackle high energy prices. This...

Termination of Bulgarian natural gas release programme

The parliament adopted the waiver of the obligation of the state gas supplier Bulgargaz to sell part of its quantities of natural gas to the Balkan gas hub (local gas exchange) in order to provide liquidity to the state gas exchange and participate in the liberalization of the...

Outlook for the electricity market during the winter season

The article was published in the December issue of Utilities magazine. With the approach of the first cold weeks of November, consumption (Figure 1) and electricity prices went up. Whether this will continue in the coming months of the winter period remains to be seen. The...