Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

AC/DC the Bulgarian way: business prevails over politics

Photo: library

Everything began on 1 August that saw the resolution of the Energy and Water Regulatory Commission (EWRC) for the introduction of a special obligation-to-society charge that raised the electricity price for corporates. The fact that owing to this charge the revenues of the debt-plagued National Electric Company (NEC) rose 2.5-fold is of no great interest to the business, so it held a protest demanding the old, pre-August 1 power rates back.

The four employer organizations in Bulgaria complained to the European Commission over irregular state support to NEC for buying electric energy from two private companies – the American AES Maritza East 1 and Contour Global Maritza East 3. The complaint reads that the above expounded problems have been confirmed by Bulgarian state authorities: the Commission for the Protection of Competition and the Energy and Water Regulatory Commission. Employers also addressed all parliamentary groups in the 43rd National Assembly demanding urgent talks over problems in the sector of energy. Otherwise they threatened with protests on 30 September.

And the miracle has happened! This week saw a series of talks of the business with the government (including PM Boyko Borissov) and with law-makers (from all parliamentary groups). During talks the employers scored a few benefits, though in the form of commitment for action in the future. An agreement has been reached over the roadmap for reform of energy. The business insists that it should become an urgent project driven by a working group led by Deputy PM Tomislav Donchev. This group should draft measures for reforms in the energy sector and fix implementation deadlines. Further changes include the appointment of employers in the boards of state energy companies where they are going to work without pay. The ideas were accepted for a moratorium on preferences for electricity purchase and sale, cancelation of purchase contracts signed with companies generating electricity at preferential rates, in case these run into violations, as well as creation of a public register of all preferential electricity producers.

The business though drew a blank on a single point: the demanded resignation of EWRChead Ivan Ivanov. He is known as a leading expert and a very honest person never yielding to lobbyist pressure. This comes as a small guarantee that after this energy hug between the business and politics there still be somebody to watch out for possible conflicts of interest. And indeed, energy is a sector rife with warring interests.

English Daniela Konstantinova




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Our compatriots in Turkiye will mainly vote for MPs

The interest of our compatriots in Turkiye with voting rights is focused on the elections for MPs. This is so, because most voters there do not meet the residency requirement and will not be able to vote for MEPs. Emigrant organizations report voter..

published on 6/9/24 10:17 AM

The big question in these elections: will the protest vote prevail?

"If we had to make a comparison between Bulgaria and the Netherlands, both countries fell into a difficult situation related to the impossibility of forming a government in the past year. It was necessary to resort to extremely..

published on 6/9/24 10:12 AM

Bulgaria votes for National Assembly and European Parliament

Today is election day in Bulgaria, with voting for 17 Bulgarian members of the 720-seat European Parliament and for 240 members of the future 50 th National Assembly of Bulgaria. 32 political formations are taking part in the election race – 20..

published on 6/9/24 7:10 AM