Bulgarian energy sector moves slowly, but steadily to liberalisation 10Dec

Published by Deyan Matov in Blog | Tagged , , , , , , , , ,

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Bulgarian electricity market could be fully liberalised in 2016.

Source: Ministry of Energy of the Republic of Bulgaria

During 2015 the electricity market was liberalised for corporate clients. The liberalisation for individual customers is expected to happen in 2016, but the rules for choosing an electricity supplier are still yet to be defined.

Meanwhile Independent Bulgarian Energy Exchange (IBEX) starts trial operation on Dec 11, 2015 and is expected to become fully operational until the end of January 2016. Future plans include development of a segment for natural gas trading.

The Bulgarian Electricity System Operator (ESO) announced that a new methodology for calculation of cross-border capacities will be defined by the end of 2016. A step forward to the European Union’s strategy for harmonisation of the rules for the cross-border capacities tenders.

The most important upcoming projects concerning Bulgarian gas market include construction of gas interconnectors with the neighbouring countries. On Dec 10, 2015 Bulgaria and Greece will sign a final investment decision for construction of the Gas Interconnector Greece-Bulgaria (IGB) between the two countries. Bulgaria’s gas link with Romania could be completed by the middle of 2016 and the gas link with Serbia is expected by the end of 2018.

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