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Caspian Energy Journal Caspian European Club
Sunday, 13 December 2015 18:00

Commission accepts commitments by Bulgarian Energy Holding

The European Commission has adopted a decision that renders legally binding the commitments offered by Bulgarian Energy Holding (BEH) to end competition restrictions on Bulgaria's wholesale electricity market, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

Commissioner in charge of competition policy, Margrethe Vestager, said: "Territorial restrictions that divide energy markets along national lines prevent us from achieving a true European Energy Union. Today's decision will end these restrictions in Bulgaria and make the Bulgarian wholesale electricity market more open and transparent." The Commission had concerns that BEH may have abused its dominant position on the market for the wholesale supply of electricity at non-regulated prices. BEH has offered commitments that will make it easier to trade electricity, improve price transparency and help connecting Bulgarian wholesale electricity market with neighbouring countries. The Commission is satisfied that the commitments offered by BEH will address its competition concerns.

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