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Detail – Energy Country Profile

The Bulgarian parliament removes feed-in tariffs while trying to attract new renewable projects

This was made in an attempt to reduce consumer prices.

The Bulgarian parliament tried to cut the energy sector deficit and reduce the weigh of feed-in tariffs on end consumer bills. The energy law was amended such that feed-in tariffs for new renewable projects were removed. The 2020 renewable target (16% of the power mix) was reached in late 2013. The obligations led to a boom in wind capacity (from 177 MW in 2009 to 500 MW in 2010) and in solar capacity (from 6 MW in 2009 to 212 MW in 2011 and more than 1 GW in 2013). This contributed to a €1,65bn deficit for the national electricity company NEK. The Bulgarian energy law was amended to include measures to strengthen the independence of the energy regulator. (The State Commission for Energy and Water Regulation (DKEVR) was renamed Commission for Energy and Water Regulation (KEVR).)

Source:  Enerdata News 3 March 2015