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11.12.2013 14:50
Bulgarian Energy Holding Director Appointed Chief of Energy Regulator
It is not clear yet who will take over Boev’s position at BEH, which encompasses some of the most powerful state-owned energy companies, among which Kozloduy NPP, Marista East 2 TPP and Bulgargaz
AUTHOR: publics.bg


  • © beroe.eu

Boian Boev, CEO of the state-owned Bulgarian Energy Holding EAD (BEH), was appointed by the government as chief of the State Energy and Water Regulatory Commission (SEWRC). Boev will take over from Angela Toneva, who resigned yesterday, over alleged political pressure on the watchdog to keep prices of electricity low, sometimes at the detriment of certain market players such as the Electricity System Operator and renewable energy producers. Toneva has also recently opposed the modest budget of the regulatory commission for next year which.

Boev’s assignement could be considered controversial, as he was at the helm of one of the biggest participants in the Bulgarian energy market, the Holding itself falling within the regulation of SEWRC. Boev was also the author of a proposed 30-percent levy on PV producers’ income, citing balancing Bulgaria’s struggling energy system as the main objective of his proposal.

A somewhat modified variety of Boev’s proposal was voted by the parliament without public discussion as part of the state budget for 2014. It foresees imposing a 20-percent fee on PV and wind energy producers’ incomes from sales on the regulated market. The details of the fee are yet to be cleared, as the possibility of applying a differentiated approach to all energy producers on the regulated market surfaced. The government calculates that some BGN 150 million (half in EUR) will flow to the budget thanks to the fee. The proceedings however will not stay in the enrgy sector being earmarked for social benefits.

It is not clear yet who will take over Boev’s position at BEH, which encompasses some of the most powerful state-owned energy companies, among which Kozloduy NPP, Marista East 2 TPP and Bulgargaz.

This management shift is one of many which took place in the state energy sector since the Socialists-led government of Plamen Oresharski came into power in May 2013. Kiril Temelkov, CEO of Bulgartransgaz, which operates the gas transport network of the country, seems to be yet the only manager to have kept his position. Boian Boev’s transition from BEH to the regulator however has the potential to trigger further management rearrangements in the state energy sector questioning its integrity and immunity to political status quo of the day.


TAGS: Bulgarian Energy Holding | BEH | Bulgaria | energy | regulation | State Energy and Water Regulatory Commission | SEWRC | Boian Boev | Angela Toneva | renewables | PV | wind 


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