Consultative Board to monitor the development of the energy market

A Consultative Board for the free energy market in the country will be established. This became clear after a working meeting at the Ministry of Economy, Energy and Tourism with the participation of Economy Minister Traicho Traikov and representatives of the Confederation of Independent Trade Unions in Bulgaria (CITUB) and two employer organisations – the Bulgarian Industrial Association (BIA) and the Confederation of Employers and Industrialists in Bulgaria (CEIB). The Board will start work next week.

“I promised that a Consultative Board will be set up in order to guarantee the interests and competitiveness of the Bulgarian industry. They should not contravene the requirements of the free market so that our country does not become subject to punitive procedures,” said Minister Traikov.

“The claims on the part of certain industrial companies are connected with power plants which organise tenders for the sale of electricity, no matter whether it is intended for the domestic or the foreign market. Theoretically, tenders in a free market should not be a problem since it should not matter whether the electricity is for domestic use or for export when the market is free,” explained Traikov.

“We discussed a pact on industrial stability, similar to the Financial Stability Pact. It’s no less important for us to have a pact on industrial stability,” said Traikov. We have a market and market participants. For me, in my capacity of principal of the Kozloduy NPP and the Maritsa-Iztok 2 TPP, it is important that the rules are fair and achieve the best possible prices because the money of Bulgarian taxpayers is spent in these power plants. In this particular case, some industrial consumers have claims on the power plants,” commented Traikov.

BIA’s Executive Chairman, Bozhidar Danev said that his organisation had proposed that the price on the regulated market of electricity should change in accordance with the price on the free market. The Consultative Board will include representatives of businesses - large consumers of electricity, power plants generating electricity for the domestic market, syndicates, the executive power and MPs,” said Nikolay Nenkov from CITUB.

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