Logo resmonitor Countries

Electricity Trading Rules ignore specifics of renewable energy generation in Bulgaria

Last update: 2022-02-13

Let's Start
Solar power
Wind power
Hydro power
Biomass
2022-02-13
Last update on this barrier
//About

Markets

Existence of functioning and non-discriminatory short-term markets for RES

In Bulgaria, the Electricity Trading Rules were adopted in May 2014, and, starting from June 2014, the balancing market has been launched. However, the Electricity Trading Rules fail to take into account the specifics of renewable electricity generation, which cannot achieve the desired forecasting accuracy in the “day-ahead” framework set by the energy regulator (EWRC). For wind power producers the average balancing cost is €10-12 per MWh, which can be roughly 10% of the purchase price (depending on their preferential tariff) or up to 30% of their variable costs. In February 2020, the EWRC organised a public discussion with stakeholders concerning planned amendments to the Electricity Trading Rules that would change the imbalance settlement interval from every 60 minutes to every 15 minutes. The EWRC admitted that the change is expected to lead to even higher balancing costs for the electricity producers, but hopes that the introduction of 15-minute intervals would reduce the need for balancing. Wind power producers would be particularly affected by the change, given the difficulty in precise forecasting at shorter intervals ahead of time. 

Tech //

Affected technologies

This online database provides information on barriers and best practices for wind onshore, wind offshore, PV rooftop and PV ground-mounted technologies.

Solar power

RES-E PV ground-mounted


Severity


Spread

Solar power

RES-E PV rooftop


Severity


Spread

Wind power

RES-E onshore wind


Severity


Spread

Authorities//

Barrier

Competent authorities

For Electricity Trading Rules ignore specifics of renewable energy generation

Authority (Original name) Authority (English) Link
Комисия за енергийно и водно регулиранеEnergy and Water Regulatory CommissionVisit
Legal//

Barrier

Legal Sources

For Electricity Trading Rules ignore specifics of renewable energy generation

Source (original name) Source (english name) Link
Правила за търговия с електрическа енергияElectricity Trading RulesVisit

Other Barriers?

Close