Bulgaria’s BEH Sets Up Energy Exchange Operator

State-owned Bulgarian Energy Holding (BEH) has registered an energy exchange operator named Independent Bulgarian Energy Exchange, data entered in the country's Trade Register showed.

The company, which is fully owned by BEH, will organise trading in power products such as electricity, natural gas, coal, emissions and green certificates, a filing to the Trade Register showed on Friday.

The startup has registered capital of 50,000 levs ($35,000/26,000 euro), the company data show. Konstantin Konstantinov will be at the head of the newly-created company.

Earlier this month, energy minister Dragomir Stoynev said that the energy exchange in Bulgaria is going to start operation within months.

Another startup, the Bulgarian Energy Exchange AD (BEE), applied in November for a permit to operate a power exchange after state-owned grid operator ESO withdrew its application in October 2013 without any explanation.

Source: SeeNews