Bulgaria energy report
This analysis includes a comprehensive Bulgaria energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Institutions & Energy Policy
The Ministry of Energy oversees the country's energy policy.
The Energy and Water Regulatory Commission (EWRC) regulates the energy sector, including some energy prices (gas, electricity, water and district heating). It also approves the construction of gas and oil pipelines.
Its independence was strengthened by an amendment to the Bulgarian Energy Law in March 2015.
Lukoil operates the sole refinery in the country, the 10 Mt/year Burgas refinery (7 Mt/available and 2.8 Mt not used), which produced 5.7 Mt of oil products in 2018. The group is considering selling the refinery.
Natural gas production is negligible and accounts for less than 1% of the domestic supply (2018).
Electricity prices soared between 2002 and 2013 (+54% for industry and +94% for households) to reflect production costs. The 12% increase in 2012 triggered massive demonstrations and the government resignation in 2013. Despite a 10% increase in 2015, the increase in residential prices has remained moderate since then (+1.7%/year until 2019), while industrial prices have risen by 2.4%/year.
Consumption per capita is 2.6 toe (16% lower than the EU average in 2018), with electricity accounting for about 4 400 kWh in 2018 (22% below the EU average).
Total energy consumption has been fluctuating around 18-19 Mt since 2014 (18 Mt in 2018, 2.5% less than in 2017). It had contracted by 2.7%/year between 2006 and 2013 (from 20 Mtoe to less than 17 Mtoe).
Issues & Prospects
According to ESO, electricity consumption should remain broadly stable between 2019 and 2028 (+0.3%/year in the most optimistic scenario). Between 2019 and 2028, more than 1.5 GW of new capacities should be added, including more than 1 GW of thermal capacities (new gas-fired CHP plants), and 450 MW of renewables (192 MW of wind, 223 MW of solar and 30 MW of biomass).
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
Below is a list of the Bulgaria energy market report graphs:
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (€/l)
- GRAPH 6: Electricity prices for industry and households (€c/kWh)
- GRAPH 7: Gas prices for industry and households (€c/kWh GCV)
- GRAPH 8: Consumption trends by energy source (Mtoe)
- GRAPH 9: Total consumption market share by energy 2018, %)
- GRAPH 10: Final consumption market share by sector (2018, %)
- GRAPH 11: Oil consumption (Mt)
- GRAPH 12: Oil consumption breakdown by sector (2018, %)
- GRAPH 13: Electricity consumption (TWh)
- GRAPH 14: Electricity consumption breakdown by sector (2018, %)
- GRAPH 15: Natural gas consumption (bcm)
- GRAPH 16: Gas consumption breakdown by sector (2018, %)
- GRAPH 17: Coal consumption (Mt)
- GRAPH 18: Coal consumption breakdown by sector (2018, %)
In the Bulgaria energy market report you will find the following tables:
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Bulgaria energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Bulgaria country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Bulgaria Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Bulgaria energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
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