The Bulgarian Energy and Water Regulatory Commission (EWRC) approved the price of natural gas from 1st of August 2020 at 18,67 BGN/MWh (excluding access, transmission and VAT).
The “Day-ahead” market is the most preferred by market participants and with record volumes of electricity traded
The volumes of electricity traded on the Bulgarian “Day-ahead” market in July 2020 set an absolute record of 1 505 GWh, which is more than a nearly seven-fold growth compared to the launch of this segment in January 2016.
The Transmission System Operators of Bulgaria (ESO EAD), Greece (IPTO), Italy (TERNA SpA) and Romania (Transelectrica) have established a company for coordination of the security of the electricity network in Southeast Europe - “Southeast Electricity Network Coordination Center” (SEleNe CC) seated in Thessaloniki, Greece.
According to the annual report on the implementation of the National Energy Efficiency Action Plan 2014-2020, 7 295,2 GWh of energy had been saved during the period 2014 - 2019 as a result of the implementation of energy saving measures in all sectors of the economy and the contribution of the obliged parties.
The Bulgarian parliament approved the tax regime of the interconnector with Greece for a period of 25 years
The Energy Committee to the National Assembly approved the bill for the Ratification of the Intergovernmental Agreement between the Republic of Bulgaria and the Hellenic Republic regarding the project for the construction of the gas interconnector between Greece and Bulgaria (the IGB gas pipeline).
The Energy and Water Regulatory Commission (EWRC) approved the price of natural gas from 1st of July 2020 at 19,10 BGN/MWh (excluding access, transmission and VAT).
The Energy and Water Regulatory Commission (EWRC) approved the price of natural gas from 1st of June 2020 at 20,33 BGN/MWh (excluding access, transmission and VAT).
The liberalization of the energy market for non-household consumers must be completed by July 1, 2021
The legislative changes that are under preparation will allow the taking out of non-household consumers from the regulated power market.
On May 15, the anonymous long-term segment of the trading platform of Balkan Gas Hub was offered a tender with a delivery period of June 2020, with a price of BGN 18,80/MWh, or 14% lower than the forecast regulated price for June 2020.
The Bulgarian Ministry of Finance is proposing to set up a state-owned oil company under the Minister of Economy.
The Ministry of Energy proposes for public discussion a draft of amendments to the Energy Efficiency Act.
The Energy and Water Regulatory Commission (EWRC) approved the price of natural gas from 1st of May 2020 at 22,35 BGN/MWh (excluding access, transmission and VAT).
The deadline for the selection of a strategic investor in the Belene NPP project is postponed due to the coronavirus pandemy
Bulgaria has notified Rosatom of postponement of the tender deadline for the construction of Belene NPP due to the coronavirus pandemy.
The Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for April 2020 at 25,20 BGN/MWh (excluding access, transmission and VAT).
ContourGlobal Maritsa East 3 TPP provided 11% of the electricity destined for the domestic market in 2019.
The Parliament adopted at second reading the amendments to the Climate Change Mitigation Act, which introduces the regulation of functioning of the European Emissions Trading Scheme in Bulgaria.
The Bulgarian Energy Holding (BEH EAD) has taken the decision to increase the capital of TPP Maritza-East 2 by BGN 597 million by transforming part of the plant's debt to the holding
At a special briefing at the Council of Ministers on 3rd March, the CEO of Bulgargaz Nikolay Pavlov, the Energy Minister Temenuzhka Petkova and the Prime Minister Boyko Borisov announced that the Russian company Gazprom Export had signed an agreement to reduce the price of natural gas for Bulgaria.
The Council of Ministers approved the Integrated national energy and climate plan of the Republic of Bulgaria 2021-2030
The Council of Ministers approved the Integrated national energy and climate plan of the Republic of Bulgaria 2021-2030, developed in line with the provisions of Art. 3 of Regulation (EU) 2018/1999 on the Governance of the Energy Union and Climate Action within the joint working group, composed by representatives of twelve agencies
Bulgartransgaz establishes a procedure for construction and commissioning of transmission pipeline to Svishtov
Bulgartransgaz EAD has launched an open tender procedure for the construction and commissioning of the transmission pipeline to Svishtov. The gas pipeline to Svishtov has been declared a national site by a government decision of May 10, 2018.
The Council of Ministers adopted an Ordinance on the requirements for the quality of solid fuels for residential heating
The Council of Ministers adopted an Ordinance on the requirements for the quality of solid fuels used for residential heating, the rules, conditions and their control. The implementation of the requirements should contribute to the improvement of air quality and the protection of the health of the population from the harmful effects of excessive pollution.
The Independent Bulgarian Energy Exchange EAD (IBEX) has been appointed by the Energy and Water Regulatory Commission as a Nominated Electricity Market Operator for a new four-year period.
Bulgartransgaz EAD concluded a Preliminary contract for sale and purchase of 20% of Gastrade S.A. share capital, the project company, which will implement the LNG terminal near Alexandroupolis, Greece.
The regional initiative “Three seas” unites 12 EU Member States located between Adriatic, Baltic and Black Seas, actively supported by the USA. By a proposal of the Bulgarian President Rumen Radev, Bulgaria will host the Sixth Summit of the Three Seas in 2021.
The Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the first quarter of 2020 at 44,04 BGN/MWh (excluding access, transmission, excise and VAT), which is a decrease of 0,81 BGN/MWh or 1,81% compared to the price for the last quarter of 2019.
According to the ancillary agreement to the Gas Supply Agreement between Bulgargaz EAD and Gazprom Export LLC, as of 01.01.2020 the entry-exit point is changed from Isakcha and Negru Voda to Strandzha 2 / Malkoclar (interconnection point “Strandzha 2”).
The Balkan Gas Hub company informs that as of 2 January 2020, on the trading platform starts multilateral trading on the organized exchange market, including a short-term segment (spot), a long-term segment and a brokering service
EWRC approved a natural gas trading platform and an agreement for the implementation of a natural gas release program
The Energy and Water Regulatory Commission approved the Natural Gas Trading Platform proposed by the transmission system operator - Bulgartransgaz EAD, and designated the “Gas Hub Balkan” EAD as a trading platform operator.
With the signing of an agreement between the Electricity System Operator EAD (ESO EAD) and the Independent Bulgarian Energy Exchange EAD (IBEX), Bulgaria is already part of the interconnection of the European "intraday" markets in the second wave of accession to SIDC
The sixth unit of Kozloduy NPP will continue to operate safely and steadily for the next 10 years, and after their expiration, in accordance with the law and the state of the nuclear facility, its life can be extended by another 30 years.
In its decision of today, the Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the fourth quarter of 2019 at 44,85 BGN/MWh
Last week, the Director-General of the Nuclear Energy Agency to the Organization for Economic Co-operation and Development, William Magwood IV visited Bulgaria at the invitation of the Energy Minister Temenuzhka Petkova.
With its decision of June 28th, 2019, the Bulgarian Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for the third quarter of 2019 at the amount of 44,90 BGN/MWh (excluding excise duty and VAT). It is lower by 0,27 BGN/MWh or 0,60% than the price for the second quarter of 2019.
Two key public procurement procedures for the Gas Interconnection Greece-Bulgaria have been finalized
The company ICGB AD that implements Gas Interconnector Greece-Bulgaria project successfully finalized two more public procurement procedures.
With its decision of March 28th, 2019, the Bulgarian Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for the second quarter of 2019 at the amount of BGN 45,17 per MWh (excluding excise duty and VAT).
The ICGB project company has successfully completed the public procurement procedure for the selection of Owner’s engineer for the construction of the Greece - Bulgaria natural gas interconnector. Following an open procedure, the commission assigned by the contracting authority selected the “TIBEI” consortium as a contractor.
Bulgargaz EAD has announced a tender for delivery of about 144 million cubic meters of natural gas from April to June 2019, intended to be stored in the Chiren Underground Gas Storage Facility.
ICGB AD has submitted to the regulators of Bulgaria and Greece the Network Code for the IGB gas pipeline, thus finalizing successfully the next step of the process towards the certification as an independent transmission system operator.
In fulfilment of the decision approved by the Council of Ministers and the National Assembly amending the 2020 Energy Strategy of the Republic of Bulgaria and having regard to the realization of the concept for establishment of a gas distribution hub on the territory of Bulgaria, Bulgartransgaz EAD registered a subsidiary, Balkan Gas Hub ЕAD
With its decision of December 28, 2018, the Bulgarian Energy and Water Regulatory Commission approved the price of natural gas for the first quarter of 2019 at the amount of BGN 44,80 per MWh (excluding excise duty and VAT).
With the signing of the Memorandum of Understanding for cooperation in the development of the Balkan gas hub, the Bulgarian gas transmission operator Bulgartransgaz EAD and the Austrian Central European Gas Hub (CEGH) undertook to cooperate and support the development of the gas distribution center on the territory of our country through exchange of know-how and good practices with regard to its construction, as well as information on EU legal and regulatory issues.
The capital of the Bulgarian Burgas-Alexandroupolis oil peline project company increases by BGN 120 thousand
At its today’s session, the Council of Ministers decided that the capital of the “Burgas-Alexandroupolis Project Company – BG” will be increased by BGN 120,000 through the issuance of 1200 new shares. The shares will be acquired by the state through the budget of the Ministry of Energy.
The Bulgarian Electricity System Operator EAD started the construction of a new 86-kilometer power line between Varna and Burgas substations (Dobrudzha-Burgas). The construction of the power line is expected to improve the security of South East Europe's electricity transmission system. At the same time, the security of the interconnections between Bulgaria and Romania will be ensured.
A working group, formed by the Bulgarian Energy Minister, emcompassing experts from the Ministry of Energy, companies from the group of the Bulgarian Energy Holding EAD and the Sustainable Energy Development Agency, analyzed the financial and economic situation of TPP Maritsa East 2 EAD and developed proposals to stabilize the company