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

Bulgarians vote for MPs in 51st National Assembly

Bulgarians go to the polls today to elect 240 members of the 51st National Assembly. Nineteen parties and nine coalitions are registered to take part in the elections. A total of 4 858 candidates - 3 480 men and 1 378 women - are vying for a seat in..

published on 10/27/24 7:10 AM

Campaign silence ahead of early elections for Bulgaria's 51st National Assembly

Today, 26 October, has been declared a day of election silence in Bulgaria ahead of the snap elections for the 51st National Assembly. On this day, voters can reflect and decide how to vote. Since April 2021, this is the seventh early parliamentary..

published on 10/26/24 6:35 AM

Underwhelming campaign raises fears of another early election next year

The seventh election campaign in the political marathon of the past three years is drawing to a close. Have we heard any ideas for a way out of this crisis? Have the no longer surprising news of vote-buying attempts, which once again failed to reveal the..

published on 10/25/24 2:18 PM