From Bulgaria Bookmark and Share

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

  • ©

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 

All news from Bulgaria

No published comments
Login to comment


28.12.2018  There Is No Feasible Alternative to Maritsa East Complex
Krassimir Nenov, CEO of ContourGlobal Maritsa East 3 AD
Full text


No records in this category!


Which is the fuel of the future?


We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.


What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.