ATEB – Association of traders with electricity in Bulgaria

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

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

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