Electricity

Bulgaria’s 300,000 firms to leave regulated power market amid liberalization

bulgaria-electricity-market-liberalization

Photo: Pixabay

Published

June 26, 2020

Country

Comments

0

Share

Published:

June 26, 2020

Country:

Comments:

0

Share

As of October 1, about 300,000 companies in Bulgaria will have an obligation to choose an electricity supplier. It is another step in the country’s electricity market liberalization and arguably the biggest one so far.

Bulgaria is one of the few European Union member states which have not fully liberalized their electricity markets. In September, Energy Minister Temenuzhka Petkova said the process started for households and small consumers has started, but that it would be finished in 2020.

According to the latest amendments to the energy law, companies will not have the right to buy electricity from the regulated market from October 1. The changes will affect about 300,000 companies.

Between 30,000 and 50,000 are already in the free market, which means about 250,000 companies will have to choose their supplier. Otherwise, they will have to sign contracts with the current supplier.

After that, they all have until July 1, 2021, to find a supplier or they will be supplied by the last resort supplier.

Its electricity will be more expensive, said Maria Krasteva, executive director of Bulgaria’s Free Energy Market Association, local media reported.

In terms of consumption, the 300,000 consumers represent one third (or 4.5 TWh per year) of the country’s regulated market. After the change, only households will remain on the regulated market.

Bulgaria amended the energy law to fulfill requirements introduced by the European Union to make it obligatory for non-household consumers to enter the free electricity market. The switch is in line with EU directive 2019/944.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.