Tendencies in the development of the Bulgarian electricity market as part of the European electricity market

Georgi Chankov Georgiev


The liberalization oft the energz market prceeds difficult. There are too manz differences in the EU – different energy models, different energy mixes, different approaches towards the energy sources. There is hardly compatible market pricing with subcidies for “clean energy”, efficiency with security (nuclear energy), free competition with natural monopolies, the search of cheap sources with political considerations. As a result the move towards single electricity market is slow and shaky, and the expected effects don’t coinside with the expectations.

In Bulgaria the liberalization is hampered by the fear, that free market pricing means higher prices (with all negative political consequences). On the other side there are long term obligations for payments to some producers far above market prices. Facing the contemporary low process, the inclusion of Bulgaria into the single electricity market will cause an overall rising of the price levels. There are no prospects for lovering the average electricity prices within the union close to the Bulgarian level. Looking forward we expect up to 30% higher electricity prices with the liberalization of the market and the opening of the crossborder supplier nets in 2016. The new levels will be unbearable for the households. We expect attempts to postpone as possible the inclusion of the county into the single electricity market of the EU.   

Ключови думи

electricity market; liberalization; models; prices


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