2nd
highest energy intensity in the EU (2019)
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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 2020 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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Highlights
2nd
highest energy intensity in the EU (2019)
39%
of lignite in the power mix (2019)
22%
of renewables in the final energy consumption (2019)
Abstract
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.
Energy Companies
Electricity:
In 2008, the five large public energy companies - historical operators of the electricity sector, gas and coal companies - were grouped under BEH, Bulgarian Energy Holding.
Energy Supply
Gas:
Natural gas production is negligible (less than 100 mcm) and accounts for only 2% of the domestic supply (2020).
Imports dipped by 5% in 2017 and 2018 and stabilised at 2.9 bcm in 2019 and 2020.
Energy Prices
Gas:
Gas prices soared between 2004 and 2012, with residential prices doubling and industrial prices almost tripling (+179%). In 2012, massive protests led to successive price cuts: by 35% for residential prices between 2012 and 2016 and by 45% for industrial prices.
Energy Consumption
Consumption per capita is 2.5 toe (10% lower than the EU average in 2019), with electricity accounting for about 4 300 kWh in 2020 (19% below the EU average).
Total energy consumption has been rather stable since 2014, but dropped by 4% to 17.7 Mtoe in 2020, due the consequences of the COVID-19 pandemic.
Issues & Prospects
Gas:
According to Bulgartransgaz, gas consumption should increase by 3.2%/year between 2020 and 2029 (comprising 5.7%/year between 2020 and 2024 and 1.2%/year between 2024 and 2029). By 2024, most of the additional demand would be covered by domestic production (12-fold growth), while imports should rise by only 1.3%/year.
Below is a list of the Bulgaria energy market report graphs:
In the Bulgaria energy market report you will find the following tables:
The Bulgaria energy market data since 1990 and up to 2020 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:
The Bulgaria country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Bulgaria country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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