CSD-Report 30 - Energy Sector Governance and Energy (In)Security in Bulgaria
CSD-Report 30 - Energy Sector Governance and Energy (In)Security in Bulgaria

Author(s): Ruslan Stefanov, Todor Galev, Martin Tsanov, Martin Vladimirov, Nadejda Gantcheva
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Energy and Environmental Studies, Sociology, Economic policy, Security and defense, Economic development, Socio-Economic Research
Published by: Център за изследване на демокрацията
Summary/Abstract: This report explores the major governance deficiencies in the Bulgarian energy policy regarding the strategic, institutional, and legal framework of the sector. The report focuses on state capture of energy policy by private political and economic interests that led to bad management practices in the sector, to lack of consistency in the legal and regulatory framework, to deteriorating investment environment, and to the involvement of the country in infrastructure projects that undermine the national long-term strategy and policy priorities. This has affected negatively the Bulgarian taxpayers and consumers, has jeopardized the financial stability of the state-owned energy companies, and, ultimately, has reduced the energy security of the country. The report recommends that the implementation of the country’s energy policy should be reconsidered and should be based on EU priorities and on sound cost-benefit analyses with regard to Bulgaria’s energy security.

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