IDEAS home Printed from https://ideas.repec.org/a/vra/journl/v10y2021i2p61-68.html
   My bibliography  Save this article

Public Subsidies - a Condition Sine Qua Non for the Energy Sector in Bulgaria?

Author

Listed:
  • Svetlana Gercheva

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

The current paper deals with the provision of public subsidies within the energy sector in Bulgaria. In light of the liberalization of the domestic market and its integration into the internal electricity market of the EU, the question about public subsidies' persistence has been raised. Several arguments are given in support of further subsidization, both on the market for electricity and for capacity (cold reserve provision) in Bulgaria. Public subsidies secure funding for the positive externalities generated by the energy sector in a sustainable way. The public sector also provides financial support for the emerging Bulgarian market of capacity. Nevertheless, energy subsidies need a revision in terms of their restructuring in line with the EU ambition for leadership towards low-emission and climate-neutral economy by 2050.

Suggested Citation

  • Svetlana Gercheva, 2021. "Public Subsidies - a Condition Sine Qua Non for the Energy Sector in Bulgaria?," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(2), pages 61-68, August.
    • Handle: RePEc:vra:journl:v:10:y:2021:i:2:p:61-68
    as

    Download full text from publisher

    File URL: http://su-varna.org/journal/IJUSV-ESS/2021.10.2/61-68.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    public subsidy; electricity sector; positive externalities; capacity market; cold reserve provision; market liberalization;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vra:journl:v:10:y:2021:i:2:p:61-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pavel Petrov (email available below). General contact details of provider: https://edirc.repec.org/data/uevecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.