The European Commission has adopted a decision that renders legally binding the commitments offered by Bulgarian Energy Holding (BEH) in relation to Bulgaria's wholesale electricity market. The Commission had concerns that BEH may have abused its dominant position on the market for the wholesale supply of electricity at freely negotiated prices. In particular, the Commission investigated clauses in electricity supply contracts concluded between BEH's production subsidiaries and third parties, such as traders, that impose restrictions on where these third parties could resell the electricity bought from BEH. To address the Commission's concerns, BEH has committed to offer certain volumes of electricity on an independently-operated day-ahead market on a newly-created power exchange in Bulgaria.Click here.
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European Commission accepts commitments by Bulgarian Energy Holding to open up Bulgarian wholesale electricity market
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