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Energy market: Bulgaria’s new energy structure.

Bulgaria’s energy sector is tranforming from a closet system into a part of the dynamically integrating energy market.
The key measure will be the competitiveness of Bulgaria’s energy on the regional Balkan market, as well as on the future integrated European energy market.

The efforts aimed at specific, reliable and environmentally-friendly energy supply will be successful only if combined with measures for the utilization of the huge potential for energy efficiency. The regulatory body should take its due dominating position among the energy institutions and assume anactive role in the development and implementation of regulatory and market rules and structures.

Bulgaria is heavily dependent on energy as it imports more than 70% of its primary resources. Bulgaria is mainly reliant on energy sources from Russia: oil, natural gas, high-quality coal and nuclear fuel.

Reforms prerequisites:
  • normalization of energy prices in line with the justified full economic costs and phasing out of the subsidies for generators
  • financial recovering and establishment of energy companies operative on a commercial basis
  • properly fuctioning regulatory authorities and mechanisms
  • market rules and structures
  • appropriate legal framework
  • Power Generation vs Demand
     
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