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Bulgaria Power Report Q4 2017

Bulgaria Power Report Q4 2017

BMI View: Our core forecasts for Bulgaria's power sector remain largely unchanged this quarter, asidefrom a modest positive adjustment to our renewables outlook. Limited realised investment in powerinfrastructure means capacity and generation are expected to grow at a near negligible rate over ourforecast period, despite grand plans to expand capacity, leaving Bulgaria heavily reliant on coal-firedpower plants and, to a lesser extent, existing nuclear facilities, which are being upgraded. Despite slowgrowth, Bulgaria will continue to generate an energy surplus and continue to export electricity via crossborderinterconnections, due to subdued internal consumer demand. There is scope for renewed investorinterest should reforms to the wholesale electricity market gain traction, however, corruption remains asignificant barrier to developments.

Latest Updates And Structural Trends

According to the Sofia Globe, the State Energy & Water Regulatory Commission (EWRC ) announced inAugust 2017 it had discontinued proceedings against EVN, which had seen the former threaten to revokethe latter's operating licence. The case stemmed from action initiated against EVN and the distributionarms of CEZ and Energo-Pro in March 2014, with EWRC claiming that it was seeking the payment ofmonies withheld illegally. The three firms countered they had retained monies in order to offset the state'sfailure to compensate them for the mandatory purchase of renewable energy.


BMI Industry View
Table: Headline Power Forecasts (Bulgaria 2016-2022)
SWOT
Industry Forecast
Bulgaria Snapshot
Table: Country Snapshot: Economic and Demographic Data (Bulgaria 2016-2020)
Table: Country Snapshot: Economic and Demographic Data (Bulgaria 2021-2026)
Table: Country Snapshot: Power Sector
Bulgaria Power Forecast Scenario
Overall Generation & Capacity Forecast
Thermal Generation And Capacity Forecast
Nuclear Generation and Capacity Forecast
Renewables Generation And Capacity Forecast
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (Bulgaria 2015-2020)
Table: Total Electricity Generation Data And Forecasts (Bulgaria 2021-2026)
Table: Electricity Generating Capacity Data And Forecasts (Bulgaria 2015-2020)
Table: Electricity Generating Capacity Data And Forecasts (Bulgaria 2021-2026)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Bulgaria 2015-2020)
Table: Total Electricity Consumption Data And Forecasts (Bulgaria 2021-2026)
Transmission and Distribution
Table: Electric Power T&D Losses Data And Forecasts (Bulgaria 2015-2020)
Table: Electric Power T&D Losses Data And Forecasts (Bulgaria 2021-2026)
Industry Risk Reward Index
Europe (Region) - North America/Western Europe Power RRI: US Still Trumps A Weak European Power Market
Industry Risk/Reward Index
Market Overview
Key Policies And Market Structure
Regulation And Competition
Pricing
Transmission And Distribution
Bulgaria Power Projects Database
Table: Bulgaria - Top Power Projects By Capacity
Competitive Landscape
Regional Overview
NAWE Power Key Themes
Table: Trump Presidency - Key Industry Plans And Implications
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Power Risk/Reward Index Methodology
Table: Indicators - Explanation and Sources

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