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30.07.2014 14:03
Competition Authority Fines State-Owned Incumbent Gas Supplier Bulgargaz with 12 Million EUR
The main reason for the largest fine ever ruled by the CPC is the contents of the contracts, offered by Bulgargaz to its clients, according to which they should apply for annual quantities, which could not be changed later on

  • © Bulgartransgaz

The Bulgarian Commission for Protection of Competition (CPC) published its decision from July 29, 2014, according to which the state-owned incumbent gas supplier Bulgargas will be fined with 23 377 600 BGN (about 12 million EUR) for a breach of the competition law in Bulgaria through the implementation of bad commercial practices.

The long procedure lasted about 4 years after initially in 2010 end suppliers of natural gas in Bulgaria from the group of the Overgas Inc. holding (Sofiagas, Overgas North, Overgas West, Overgas South, and Overgas East) pleaded against the gas incumbent. Later on, the CPC joined to the pledge other suppliers and large consumers of natural gas, who buy at wholesale regulated prices from Bulgargaz: Primagaz, Agropolychim, CNG Maritsa, Sevlievogas, Consortium Varna Pro Energy, and Kostinbrodgas.

The main reason for the largest fine ever ruled by the CPC is the contents of the contracts, offered by Bulgargaz to its clients, according to which they should apply for annual quantities, which could not be changed later on. Also, the daily consumption is defined by average values, in stead of offering flexibility schemes. The gas incumbent also proposed changes to the contracts in the latest possible moment, thus depriving the companies from other options. According to the CPC, the reason is that the state-owned company wanted to keep its market share unchanged.

The record fine is decided in a moment, when all state-owned energy companies in Bulgaria have financial difficulties. According to the decision, it could be objected in a 14-day period.

TAGS: Bulgargaz | Competition | incumbent | natural gas | Overgas | fine 

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