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Vienna Energy Transition Forum
Energy Transition and Market Liberalization
in BulgariaKaloyan Staykov
Institute for Market Economics@kaloqn; fb: Kaloyan Staykov; [email protected]
06.06.20191
Structure of the presentation
O Bulgaria’s energy background and electricity
mix;
O Development and structure of RES;
O Support schemes and financing preferential
prices;
O Electricity market liberalization and
structure;
O Old problems and new challenges.
2
Bulgaria’s Energy Background
O Policy is focused on electricity, natural gas
seems to be a lower priority;
O Reforming the Electricity sector is not a
conscious choice but a requirement for
EU accession;
O EU accession – solving old problems,
facing new challenges and fast;
3
Installed Capacity and Generation of Electricity
Capacity, MW Generation, MWh
2016 2017 2016 2017
NPP 2000 2000 14 932 619 14 718 368
TPP, Lignite Coal 4119 4119 16 196 171 17 605 902
TPP, Brown and Black Coal 600 362 255 316 246 111
TPP, Natural Gas 563 563 1 729 845 1 609 514
Hydro 3204 3204 4 438 123 3 395 131
RES, including 1813 1822 3 054 654 3 054 993
-Wind 701 701 1 424 548 1 414 564
-Solar 1043 1043 1 338 661 1 325 472
-Biomas 69 78 291 445 314 956
Total 12 299 12 070 40 606 726 40 630 0184
Renewable Energy Sources, ktoe
0
200
400
600
800
1000
1200
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Hydro Energy Wind Energy Solar Photovoltaic Energy Solid biofuels 5
RES Generation and Compensation
0
20
40
60
80
100
120
140
0
2
4
6
8
10
12
14
2009 2010 2011 2012 2013* 2014* 2015* 2016 2017
Power Generation - Wind, MWh Power Generation - Solar, MWh
RES component, euro/MWh (left axis)
Source: Regulatory Price Decisions,
Annual Regulatory Reports
6
The Waltzing Market Liberalization
O The unbundling and re-bundling of a
vertically integrated company;
O Market concentration and manipulation –
Case AT.39767 - BEH Electricity;
O Sluggish market liberalization and regional
market integration;
O Three state-owned companies continue to
supply between 75-85% of the wholesale
electricity market.
7
30-day Moving Average Price for Baseload on the Day-ahead Market, euro/MWh
0
10
20
30
40
50
60
70
80
20
17
.12
.30
.
14
.01
.20
18
29
.01
.20
18
13
.02
.20
18
28
.02
.20
18
15
.03
.20
18
30
.03
.20
18
14
.04
.20
18
29
.04
.20
18
14
.05
.20
18
29
.05
.20
18
13
.06
.20
18
28
.06
.20
18
13
.07
.20
18
28
.07
.20
18
12
.08
.20
18
27
.08
.20
18
11
.09
.20
18
26
.09
.20
18
11
.10
.20
18
26
.10
.20
18
10
.11
.20
18
25
.11
.20
18
10
.12
.20
18
25
.12
.20
18
09
.01
.20
19
Hungary Romania Bulgaria Source: HUPX, IBEX 8
Old Problems
O Financing the tariff deficit;
O Integrating generations with preferential
prices;
O Increasing market liquidity, transparency
and predictability;
O Improving regulatory independence, as well
as legislative and executive decisions.
9
New Challenges
O Market coupling:
O 4MMC;
O Multi-Regional Coupling (MRC);
O Working towards the 2030 goals.
O Decentralized electricity generation;
O Maintaining and improving grid operations,
including interconnectivity.
10
Looking Forward
O Lowest GDP/capita => limited resourses;
O Financing the tariff deficit => further
financial burden;
O Stakeholders are exhausted and distrust
future reforms – 2030;
O Politicians have been maintaining a half-
hearted approach;
O Future investments are under question.
11
Vienna Energy Transition Forum
Thank you for your attention
Kaloyan StaykovInstitute for Market Economics
@kaloqn; fb: Kaloyan Staykov; [email protected]
