Wolf Theiss

NEW SIGNIFICANT AMENDMENTS TO THE BULGARIAN ENERGY LEGISLATION

On 22 July 2015 the Bulgarian Parliament adopted amendments to the Energy Act ("EA") and the Act on Energy from Renewable Sources ("AERS"), which will have a significant affect across the electricity value chain. The most critical amendments are the introduction of a mandatory contribution to a new fund "Energy System Security" by all electricity GenCos of 5% of their annual revenues and the possibility for RES GenCos to sale the produced electricity at price for surplus on the balancing market or at free negotiated prices.

For further information please contact

Radoslav
Mikov
Partner
Bulgaria
Oleg
Temnikov
Senior Associate
Bulgaria

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