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Bulgaria

Crucial intelligence to understand the changing dynamics of the Bulgarian energy market

Bulgaria’s once vertically integrated market is undergoing a liberalisation process which will see an increase of competition in the market. Simultaneously, Bulgaria’s large and aging coal fleet is experiencing strong pressure from rising CO2 costs, pushing it into retirement. Increasing power prices are seeing a push for the transformation of the Bulgarian power system, favouring competitive technologies such as wind and solar, while nuclear development is also on the table. Capitalise on emerging opportunities with our Bulgarian services, keeping up-to-date with market trends and evolving policies.

What you need to know about the market

  • Bulgaria makes the most of its geographical position by being a net electricity exporter within Southeastern Europe, as the country is interconnected with all of its land-neighbouring countries.
  • The Bulgarian government supports the development of grid-scale battery storage facilities located near renewable generating capacity. This is due to the increasing need for ancillary services, currently handled via small combined cycle power plants.
  • The country’s Recovery and Resilience Plan, set in motion in 2022, focuses on investments in renewable energy sources, hydrogen, electricity storage and interconnection capacities.

Which products are available?

  • Power & Renewables Service

    Robust, transparent​ analysis, widely used and trusted amongst major market participants​ and bankable forecasts to support asset financing and in-depth analysis to underpin your investment strategies​

  • Hydrogen Service

    Crucial analysis into market sizing and drivers, dedicated insights following policy developments and project activities across power, heat, transport, and industry

  • Amun – Wind Valuation Software

    Bankable valuation software for wind assets with an optimised site design and technology to maximise revenue in just a few clicks

Meet the team

Evangelos Gazis

Head of Southeastern Europe

Ioanna Barouni

Associate, Research

Panos Kefalas

Product Manager, Research

Foteini Kakavia

Commercial Associate, Commercial

Find out more!

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