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Bulgarian electricity market restructuring

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  • Ganev, Peter

Abstract

The energy sector in Bulgaria has undergone major restructuring in recent years. It faces the dual challenges of achieving regulatory stability to attract private investors, and creating a functioning competition energy market. As of the EU Accession in 2007, Bulgaria has fully liberalized power and gas markets. The 2003 Energy Law establishes the energy sector legal framework and sets the basis for creation of a transparent and predictable regulatory environment where the key regulatory responsibilities are vested with the State Energy and Water Regulatory Commission (SEWRC). The energy sector experienced significant problems in the first half of 2007 due to lost production capacities and regulatory failures on the electricity market. Excess price regulations on the market of electricity supplies to household, coupled with insufficient liberalization of imports and exports, create unfavorable conditions for power producers and large electricity users. The energy regulator has tried to achieve several incompatible targets as of July 1, 2007 for maintaining low electricity prices for households in response to political pressure, low power generation prices amid rising input costs, and market opening in compliance with EU regulations.

Suggested Citation

  • Ganev, Peter, 2009. "Bulgarian electricity market restructuring," Utilities Policy, Elsevier, vol. 17(1), pages 65-75, March.
    • Handle: RePEc:eee:juipol:v:17:y:2009:i:1:p:65-75
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    Cited by:

    1. Patlitzianas, Konstantinos & Karagounis, Konstantinos, 2011. "The progress of RES environment in the most recent member states of the EU," Renewable Energy, Elsevier, vol. 36(2), pages 429-436.
    2. Menegaki, Angeliki N., 2011. "Bourgas-Alexandroupolis oil pipeline; will matching institutional and regulatory contexts lead to an effective bargaining and eventual consensus?," Energy Policy, Elsevier, vol. 39(3), pages 1277-1285, March.
    3. Jonek Kowalska, Izabela, 2015. "Challenges for long-term industry restructuring in the Upper Silesian Coal Basin: What has Polish coal mining achieved and failed from a twenty-year perspective?," Resources Policy, Elsevier, vol. 44(C), pages 135-149.
    4. Tchalakov, Ivan & Mitev, Tihomir, 2019. "Energy dependence behind the Iron Curtain: The Bulgarian experience," Energy Policy, Elsevier, vol. 126(C), pages 47-56.
    5. Georgi Todorov & Ivan Kralov & Ivailo Koprev & Hristo Vasilev & Iliyana Naydenova, 2024. "Coal Share Reduction Options for Power Generation during the Energy Transition: A Bulgarian Perspective," Energies, MDPI, vol. 17(4), pages 1-26, February.

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    Keywords

    Bulgaria Electricity Restructuring;

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