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ATEB’s Position On Extra Taxation Prolongation In 2024 / 20.11.2023

POSITION OF ATEB ON THE DRAFT LAW ON THE STATE BUDGET OF THE REPUBLIC OF BULGARIA FOR 2024. Regarding the above mentioned Position ATEB addressed the Council of Ministers of Bulgaria, the Ministry of Energy, the Ministry of Economy and Finance, the Parliamentary Committees on...

The new annual almanac of the Bulgarian energy industry, Energy Info BG

The annual Bulgarian energy almanac Energy Info BG 2023 has been published. What is new in it are up-to-date expert opinions of leading analysts and specialists in the energy sector in our country. They discuss for the users of the publication the challenges facing the energy...

Planned amendments to the balancing methodology

Energy and water regulatory commission (EWRC) published a draft amendments to the Electricity Trading Rules (ETR), including a new methodology for determining the prices of balancing energy, which is part of ETR:...

In force are the amendments in Energy Act and Licensing ordinance

On Friday (24.02.2023) the changes to Ordinance 3 on licensing of the activities in the energy sector were published. Also at the beginning of February the amendments to the Energy Act came into force. The changes regulate the work of new market participants, increase the...

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...