NDLI: Development of the Bulgarian Power Sector at the conditions of a functioning regional electricity market

Content Provider	IEEE Xplore Digital Library
Author	Hristozov, M. Kanchovsky, S. Kanev, D.
Copyright Year	2005
Description	Author affiliation: Nat. Electr. Co., Sofia (Hristozov, M.; Kanchovsky, S.; Kanev, D.)
Abstract	This paper summarizes some results from a study, which was made in the framework of the project "Least Cost Plan for Bulgarian Power Sector Development till 2020", developed in 2004 by the specialists of the National Electricity Company (NEK). It is made by the following assumptions: (1) The energy policy of the country is pursuant to the national targets of economic growth and establishment of conditions for the country's integration into the European structures. (2) The Energy Strategy accepted by the Government in 2002 and approved by the Parliament points out, as top priority of the energy policy, achievement of energy supply security through development of a competitive energy market and compliance with environmental protection standards. (3) Energy supply security is a problem faced by Bulgaria as well as by EU member countries and can be solved through utilization of the domestic potential. In Bulgaria it is lignite, development of nuclear energy and utilization of renewable energy sources (RES). Each of these sources has its place in the structure of the country's energy balance. (4) The development of nuclear energy and thermal power plants on domestic coal guarantees the electricity production at competitive and predictable prices compared to the prices of the imported fossil fuels - oil and natural gas. (5) The development of renewable energy sources in Bulgaria is supported by the prevailing legislation and the utilization of that domestic energy potential will go on. (6) Establishment of a regional power market is a serious step towards full integration of the national systems into the Pan-European energy system. If Bulgaria could rehabilitate its existing thermal power plants within a short term, and performs its investment program for the power sector in a medium term, it will win very good positions in the regional power market. The price of produced electricity in the country will be competitive to the prices in the neighbour countries.
Starting Page	1
Ending Page	5
File Size	1518010
Page Count	5
File Format	PDF
ISBN	9785932080344
DOI	10.1109/PTC.2005.4524820
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2005-06-27
Publisher Place	Russia
Access Restriction	Subscribed
Rights Holder	Energy Systems Institute
Subject Keyword	Electricity supply industry Renewable energy resources Power generation Power markets Costs Power generation economics Economic forecasting Environmental economics Fuel economy Government Production Costs Balance Electricity Estimation Fuel Investment Region System
Content Type	Text
Resource Type	Article

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