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Bulgaria’S Independent Energy Exchange – Possibilities For Risk Management

Author

Listed:
  • Todor Nedev

    (UNWE)

Abstract

This article discusses the urgent problems of the Bulgarian energy market and its slow transformation from state monopoly to free exchange market. The paper aims at elaborating on the specific aspects of energy trading – basically, and in particular, the characteristics and disproportions imposed by the state and the state-owned energy holdings on the Bulgarian market. Ever since its establishment in 2014, the Bulgarian Independent Energy Exchange (BIEE) has adopted the model and rules of the north energy exchange – Nord Pool. The arguments for this choice have not been discussed publicly, but the necessity of a well-functioning energy exchange market and the need of its daily transparent activity, already in Bulgaria as well, are accepted as proven. The functioning and reliability of the Bulgarian stock exchange, however, are still the subject of certain discussions. What could have happened if the Bulgarian stock exchange had adopted the model of the European energy exchange – EEE?

Suggested Citation

  • Todor Nedev, 2019. "Bulgaria’S Independent Energy Exchange – Possibilities For Risk Management," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 33-42.
    • Handle: RePEc:dat:earchi:y:2019:i:2:p:33-42
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    File URL: http://hdl.handle.net/10610/4128
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    More about this item

    Keywords

    energy market; energy price; energy exchange;
    All these keywords.

    JEL classification:

    • D - Microeconomics
    • L - Industrial Organization
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics

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