|
|
Energy Sector Governance and Energy (In)Security in Bulgaria
This report explores the major governance deficiencies in the Bulgarian energy policy regarding the strategic, institutional, and legal framework of the sector. The report focuses on state capture of energy policy by private political and economic interests that led to bad management practices in the sector, to lack of consistency in the legal and regulatory framework, to deteriorating investment environment, and to the involvement of the country in infrastructure projects that undermine the national long-term strategy and policy priorities. more » |
 |
Policy Tracker: Economic Governance and Performance of the State-owned Energy Sector
Bulgaria’s energy sector is characterized by severe financial weaknesses related to high levels of indebtedness, low profitability and bad governance. The financial outlook of state-owned enterprises has become increasingly problematic in the 2011-2013 period. An overview of the financial health of the largest energy companies reveals a desperate need for liquidity and a reform of the pricing method to abolish destabilizing subsidies, improve debt collection and the energy mix, and invest in the minimization of power distribution losses. more » |
 |
Policy Tracker: Key Challenges for Energy Efficiency Policies in the Domestic Sector
The Bulgarian economy is by far the most energy intensive in Europe and it is highly dependent on other countries for its energy and therefore the economy - and in turn individual households are vulnerable to price changes. A quarter of energy consumed in Bulgaria is used in the residential sector. Actively reducing the energy consumed by end users will be the fastest and most cost-effective method of making further energy savings, and also has related benefits such as lowered reliance on energy imports and lower fuel bills for consumers and businesses. more » |
 |
|
