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From Bulgaria
24.01.2018 11:16

Building Tension Due to Surge in Electricity Prices on the Free Market

The speculative and unfounded rise in electric energy prices will lead to bankruptcies, permanent loss of jobs and freezing of income levels in a number of industries, the Confederation of Independent Trade Unions of Bulgaria (CITUB) and the Confederation
19.01.2018 13:42

ICGB Extened the Deadline for Submission of Offers for the Engineer Tender for IGB until 13 February

ICGB AD announced that on 11 January 2018 the Chairman of the Commission for Protection of Competition (CPC) refused to initiate administrative proceedings on appeals brought up by the Bulgarian companies “Vini Bulgaria” AD and “Next
18.01.2018 10:21

NRA: The Belene Project Can Move to an Approval of the Technical Project

The project for the construction of Belene NPP can move to an approval of the technical project, if the Council of Ministers and the National Assembly take a decision to restart the project, Lachezar Kostov, Chairman of the Nuclear Regulatory Agency
16.01.2018 16:41

SOCAR Interested in Bulgarian Gas Transmission Network Investments

The State Oil Company of Azerbaijan Republic (SOCAR) has expressed interest in investing in Bulgarian gas transmission network, the press service of the Council of Ministers announced after a meeting between the Prime Minister of Bulgaria Boyko Borissov
11.01.2018 11:38

Bulgaria Is Going to Support Poland in Its Case against the New TPP Emission Rules

Bulgaria is going to support Poland in its case for repealing European Commission’s decision from 31 July 2017 on best available techniques for large combustion plants. At its meeting today the Council of Ministers approved the country’s
10.01.2018 16:36

Warm Weather Shrunk Electricity Production By 17% Annually

Warm weather shrunk electricity production by 17% in the first seven days of 2018 on an annual basis, Electricity System Operator (ESO) data shows. Total power generation for the period 1-7 January is 880 448 MWh. The decrease in consumption, which
09.01.2018 17:43

The EWRC Will Be Able To Supervise the Free Electricity Market

Legislative changes, which would allow the Energy and Water Regulatory Commission (EWRC) to supervise the free electricity market, are being prepared. It will be done by implementing REMIT which provides more power to energy regulators. It became
02.01.2018 16:46

The Balancing Market Will Be Tied to the Day-Ahead Market from 1 February

The balancing market will be tied to the Day-Ahead Market (DAM) starts from 1 February as it is apparent from a decision by the Energy and Water Regulatory Commission (EWRC), taken on 29 December 2017.   According to it, the price cap for
20.12.2017 16:39

Borissov: The Interconnector with Turkey Will Be Ready in July 2018

The interconnector with Turkey will be ready in July 2018, Boyko Borissov, the Prime Minister of Bulgaria told reporters in Brussels on the occasion of a publication in a Turkish newspaper that Turkish Stream would deviate to Bulgaria, instead of
19.12.2017 17:42

Electricity Market Turmoil: Rising Prices and Doubts of Market Manipulation and Abuse

In a letter by the Free Energy Market Association (ASEP) to Prime Minister Boyko Borissov it says that a long-term supply deficit by state electricity producers has been created, which led to the inability to supply end customers. As a result, part
15.12.2017 10:51

Industrial Energy Consumers Want to Meet Bulgaria’s PM because of Expected Increase of the Electricity Power Price

The electricity power price for the industrial consumers is expected to increase between 50% and 90% in 2018, the chairman of the Bulgarian Federation of Industrial Energy Consumers (BFIEC) Konstantin Simeonov said for the Bulgarian National Radio.
14.12.2017 10:16

Final Decision: The National Assembly obliged power plants above 5 MW to trade on the exchange from 1 January

The National Assembly obliged power plants above 5 MW installed capacity to sell their electric energy on the energy exchange. This obligation enters into force on 1 January 2018 as the National Assembly adopted it at a second hearing. For plants
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Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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