-
Todor Nedev
BULGARIA’S INDEPENDENT ENERGY EXCHANGE – POSSIBILITIES FOR RISK MANAGEMENT
Summary:
This article discusses the urgent problems of the Bulgarian energy market and its slow transformation from state monopoly to free exchange market. The paper aims at elaborating on the specific aspects of energy trading – basically, and in particular, the characteristics and disproportions imposed by the state and the state-owned energy holdings on the Bulgarian market. Ever since its establishment in 2014, the Bulgarian Independent Energy Exchange (BIEE) has adopted the model and rules of the north energy exchange – Nord Pool. The arguments for this choice have not been discussed publicly, but the necessity of a well-functioning energy exchange market and the need of its daily transparent activity, already in Bulgaria as well, are accepted as proven. The functioning and reliability of the Bulgarian stock exchange, however, are still the subject of certain discussions. What could have happened if the Bulgarian stock exchange had adopted the model of the European energy exchange – EEE?
-
Kaloyan Pargov
BULGARIA’S ENERGY BALANCE – A STRATEGIC ANALYSIS
Summary:
The Energy Balance is a strategic report which is of crucial importance to national economies. The strategic analysis of the Energy Balance of the Republic of Bulgaria for the period 2006-2020 allows drawing up key trends for determining the priorities for the development of the infrastructure of production, transfer, consumption, intersystem exchange and expanding the share of renewable sources. The research consists of two parts – the first one focuses on the methodology of preparing an Energy Balance as a statistical document with the corresponding evolution characteristics and structural components; the second one includes a verbal and graphic representation of the dynamics of some major components and indicators of the Energy Balance of the Republic of Bulgaria. As a result, we have illustrated the annual rates of change for a fifteen-year period, linear regression equations and coefficients of determination. The article ends by drawing up conclusions of strategic importance for the energy system.
-
Martin Tinchev
METHODOLOGY FOR MITIGARING ENERGY POVERTY IN BULGARIA
AND THE EUROPEAN UNION
Summary:
In the mid-2000s, an increasing number of articles began to address the need for developing modern energy services in developing countries. These publications, in addition to analyzing the lack of physical access to energy services and its consequences, also discussed the financial inaccessibility of these services. Researchers assessed various types of energy resources consumed by households across income deciles to highlight income-based disparities. The World Bank raised the issue of financial inaccessibility to energy on an international level, emphasizing its negative effects on people’s health, children’s education, women’s quality of life, and the environment. Energy accessibility was examined within tools aimed at addressing poverty issues, especially among marginalized groups, rural areas, and other underserved communities.
-
Miroslav Dimitrov, Anatoly Andreev
SOLUTIONS AND PROSPECTS FOR ENSURING ENERGY SECURITY
Summary:
The article is an attempt for scientific justification and analysis, which aim to determine the role of energy policy for the decisions and prospects for development of the energy sector in terms of its influence, benefits and disadvantages. Therefore, its subject is the policy implemented in the energy sector, which is used as a tool to guarantee energy security. Its object is the European Union as a whole and our country - the Republic of Bulgaria – as one of its member states. To achieve these objectives, the authors have made a retrospective analysis of the principles of energy policy analysing in detail the use of the regulatory means, frameworks and mechanisms as instruments of the energy policy of the EU and the Republic of Bulgaria, which aim to guarantee their energy security.
The main focus is on the effect and effectiveness of the use of such tools from the point of view of the sectoral energy policy in terms of their implementation and impact on the current energy policy, the prospects for guaranteeing energy security, and the overall development of the energy sector.
