Czech energy company CEZ eyes pullout from Romania, Turkey
Czech energy company CEZ is working on divesting assets in Bulgaria but it may also pull out of other markets, including Romania, Turkey, and Poland, CEO Daniel Benes was quoted as saying in an interview with Hospodarske Noviny. In April, majority state-owned CEZ entered exclusive talks with Bulgaria’s Eurohold to sell its assets in the […]
Bulgaria to launch EUR 33 million renewables, energy efficiency, energy security program
Bulgaria is preparing to launch its Renewable Energy, Energy Efficiency and Energy Security Program, with an estimated EUR 33 million budget to finance street lighting, geothermal and hydropower utilization, energy efficiency in buildings, and other projects, the Ministry of Energy has said on its website. For the first time in the current programming period, beneficiaries […]
Bulgaria: the drive for full liberalization of the energy market and the upcoming changes
Authors: Dimitar Zwiatkow (Partner), Maria Harizanova (Associate), at Pavlov and Partners Law Firm in cooperation with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH The electricity market in Bulgaria is undergoing certain major changes, including the introduction of new rules for renewable energy producers, the abolition of the electricity export tariff, and market coupling projects, which will also affect the […]
EEX to introduce Bulgarian, Slovenian, Serbia power futures on June 3
On June 3, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures for the Bulgaria, Slovenia and Serbia market areas, EEX said on its website. Clearing and settlement of the new products will be carried out by European Commodity Clearing (ECC). The listing of the new […]
Bulgaria to remove electricity export tariff from July 1, take 750 MW of renewables to free market
Bulgaria’s electricity export tariff will be abolished from July 1, according to a draft proposal of changes to the energy law, the ICIS portal reported. The changes will also bring 750 MW of renewable capacity to the free market, creating more competition and liquidity. Some changes are related to how quotas for the regulated market […]
EU project expected to mobilize EUR 1.4 billion to tackle polluting household heating in Bulgaria
The European Commission has approved a EUR 16.7 million project to improve air quality in Bulgaria, with the EU contribution at nearly EUR 10 million. The LIFE IP CLEAN AIR project will be a catalyst for the mobilization of EU structural funding and national funds worth around EUR 1.4 billion in total to tackle polluting […]
All Bulgarian rivers damaged in some way, 200 HPPs approved on top of 270 built – WWF
All Bulgarian rivers and their tributaries have been adversely affected by pollution, drought, wastewater, extraction of inert materials, and hydropower plants (HPPs), the World Wide Fund for Nature (WWF) has warned. A total of 270 hydropower plants have been built on the country’s 325 rivers, while 200 more HPP projects have been approved in the […]
Massive hike in electricity prices prompts state measures in Bulgaria
Three subsidiaries of state-owned power utility Bulgarian Energy Holding EAD (BEH) will provide an additional amount of electricity on the day-ahead market (DAM) of the Independent Bulgarian Energy Exchange (IBEX) in order to stabilize the market. According to local media, the DAM prices increased 50% in December 2018 compared to December 2017, skyrocketing 200% year-on-year in […]