Long Term PPAs Stall Liberalisation Of Bulgaria’s Power Market

Long Term PPAs Stall Liberalisation Of Bulgaria’s Power Market

Bulgaria's long-term power purchase agreements (PPAs) with power producers stand in the way of the country's plans for the liberalisation of its energy market, Bulgaria’s economy minister said on Thursday. Bulgaria's wish is to have a fully liberalised power market by 2015, in line with the European Commission's recommendations, but this would be hard to achieve in the presence of long-term PPAs with both power producers from renewable sources and large combustion plants,Dragomir Stoynev said during a meeting with European competition commissioner Joaquin Almunia in Brussels, as quoted in a press release of the economy ministry. Bulgaria will seek a solution to this situation together with the European Commission, he said that he had agreed with Almunia on taking concrete steps at expert level.

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