The National Assembly adopted amendments to the Energy Act in June 2020, that introduced significant changes regarding the electricity market in the Republic of Bulgaria. These changes are a significant step in the liberalization of the energy market in Bulgaria. The adoption of the provisions transposes the European legislation (Directive of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market in electricity and amending Directive 2012/27 /EU) concerning energy liberalization, as of 01.10.2020 non-household consumers connected to the low voltage electricity distribution network must enter the free market and conclude with licensed electricity trader a contract for the supply of electricity.
What is next?
By 26.07.2020, the electricity distribution companies shall send to all their customers a notification for termination of the electricity supply from 01.10.2020 to the sites connected to the electricity distribution network.
By 31.08.2020, EWRC will approve a model of the standard contract, which will regulate the relations between traders and non-household consumers.
By 30.09.2020 each non-residential customer should conclude a contract for the supply of electricity, otherwise, by 01.07.2021 the supply of electricity shall be continued by the respective ERP. After the expiration of this period, the delivery will continue again, but as a last instance supplier, whose prices are significantly higher. Given this, you must conclude a contract for the supply of electricity no later than 01.07.2021.
It is expected that in the coming years household electricity consumers will also be able to determine their suppliers on the free market and the legally regulated monopoly in energy will be finally abolished.
How can you get information about offers for the sale of electricity?
By 31.12.2020, EWRC will create a platform and will determine the rules for its work. The platform will be a single and centralized database that will provide access to up-to-date information on electricity supply offers.
More information about all licensed electricity suppliers can be found HERE.
