Government Develops Measures to Stabilize Energy Sector

03.07.2015

The Bulgarian Government undertook measures for the financial stabilization of the energy sector. The aim is to reduce the current deficit in the National Electricity Company and to create conditions for the liberalization of the Bulgarian electricity market.

Only a part of the electricity from RES will be purchased at preferential prices, to avoid higher rate of return, compared to the one considered in the calculations of the preferential prices. Additionally, the Regulator will be able to amend these preferential prices based on the results of the Agency for State Financial Inspection checks. In addition the Regulator will be able to terminate the payment of preferential prices to RES installations funded from public sources.

A Fund "Security of electricity system" will be established to compensate for the shortage of funds to cover the costs of the National Electricity Company.

Source: Ministry of Energy