Bulgarian Energy Holding (electricity) (AT.39767) [Archived]

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  • Bulgarian Energy Holding (electricity) (AT.39767) [Archived]
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Bulgarian Energy Holding (electricity) (AT.39767) [Archived]

CASE HUB

ARCHIVED–this archived case hub reflects the position at the date of the decision of 10 December 2015; it is no longer maintained.

See further, timeline, commentary and related cases.

Case facts

OutlineEuropean Commission Article 102 TFEU investigation into Bulgarian Energy Holding in relation to the wholesale electricity market (case number AT.39767).

Latest developmentOn 10 December 2015, Commission formally accepted binding commitments from Bulgarian Energy Holding. Under the commitments, BEH will:
• set up a power exchange in Bulgaria, assisted by an independent third party with expertise in the operation of power exchanges and transfer the control of the new power exchange to the Bulgarian Ministry of Finance to ensure its independence
• to ensure the liquidity of the exchange, BEH will offer minimum stipulated volumes of electricity on the Bulgarian power exchange, for a period of five years; these volumes will be put for sale in the day-ahead market, with a maximum price based on the marginal costs of BEH's production subsidiaries. The volumes offered will vary on an hour-by-hour basis, in line with the pattern of consumption of electricity in Bulgaria.

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