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SEWRC with a negative assessment about smart meters

According to the requirements of Directive 2009/72/EC, Annex I, point 2, which are transposed in the Bulgarian Energy Act, Member States shall ensure the implementation of intelligent metering systems that shall assist the active participation of consumers in the electricity supply market. The implementation of those metering systems may be subject to an economic assessment …

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CPC: Obstacles for the competition in electricity

The Commission for Protection of Competition announced the results from electricity sector analysis   The Commission for Protection of Competition (CPC) approved sectorial analysis of the competition environment of the electricity generation, trade, transmission and distribution markets in the Republic of Bulgaria. The analysis explores the characteristics of the vertically integrated electricity market at each …

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The EC Starts Inspection in the Bulgarian Energy

The press center of the Council of Ministers announced on 9 April 2013 that a confirmation on behalf of the European Commission, starting inspection of the Bulgarian energy sector, had been received. The letter has been sent by Commissioner Gunther Oettinger. The inspection starts next week. It will be lead by representatives of the Directorate …

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The regulated prices of heat and natural gas go down

According to a SEWRC’s decision of 28 March 2013, the price of the natural gas falls by 3.89% since the beginning of April, considering also a proposed reduction of 3.22% by Bulgartransgaz. The captive price for connection to the gas transmission network will be 630.94 BGN/mcm before excise duty and VAT and for connection to the gas distribution …

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Fitch rates Bulgarian Energy Holding `BB+`; Stable Outlook

State guarantees, strategic network assets and dominant market position are the BG national energy `champion` main asset 01 March 2013. Fitch Ratings has assigned Bulgarian Energy Holding EAD (BEH), Bulgaria’s largest electric and gas utility company, a Long-term foreign currency Issuer Default Rating (IDR) of ‘BB+’ and Long-term local currency IDR of ‘BB+’ with Stable Outlooks. The ratings reflect …

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South Stream and the European Network Access Rules

“South Stream” does not qualify as transnational project of European interest and cannot be exempted from the requirements of the Third Energy Package. The European Commission denied the Russian allegation that “South Stream” gas pipeline will get a special statute, qualifying as transnational project and thus the owners of the pipeline will no longer be …

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Final Investment Decision on the South Stream

The Council of Ministers adopted the draft of the Final Investment Decision on South Stream on the Bulgarian territory The Government authorized the Minister of Economy, Energy and Tourism to grant permission to “Bulgarian Energy Holding” EAD to make Final Investment Decision (FID) on “South Stream” project on the Bulgarian territory. A precondition for the …

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No construction permit for household gasification

Domestic gasification no longer needs construction permits Since 26 November 2012 there are no need of construction permits for building gas installations in residential buildings and villas. This means that users can gasify  their homes much more easily explained by the “Overgas”. The amendment to the  Spatial Planning Act (SPA) was adopted by  the National Assembly Decree. It was …

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The Interest to the CEZ Shares Surpassed the Forecasts

The Interest to the CEZ Shares Surpassed the Wildest Forecasts Taking into account the new 9 million BGN from second-day’s auction, the benefit of the state from its shares in CEZ exceeded 90 million BGN. 15 237 shares of CEZ Distribution Bulgaria and 103 shares of CEZ Electro Bulgaria still remain for sale Another 9 029 891 BGN will …

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