Bulgaria Decides to Set up Energy Board

Bulgaria Decides to Set up Energy Board Bulgaria’s caretaker cabinet on Wednesday decided to set up Energy Board to step up reforms in the energy sector with the aim of 
boosting its transparency and market efficiency.

The new structure will be a standing consultative body with the government that will analyze the state of the energy sector in Bulgaria, identify the factors that prompt its instability, and determine the principles of its sustainable management, the cabinet said in a statement.

The Energy Board will also propose measures for maintaining  stability in the sector. The 
caretaker cabinet has made the creation of energy board one of its top priorities when it 
assumed office earlier this month.

Caretaker Deputy Prime Minister in charge of economic policy Ekaterina Zaharieva  will head the Energy Board. Economy and Energy Minister Vasil Shtonov will be Zaharieva’s deputy.

Meanwhile, the cabinet has asked the head of Bulgaria’s energy regulator DKEVR Boyan Boev to resign. Boev’s deputy Elenko Bozhkov and DKEVR member Lilyana Mladenova have also been asked to leave.

“Were it up to me, I would have sought more resignations,” Shtonov said after Wednesday’s cabinet meeting. “The decisions and proposals coming from the State Commission for Energy and Water Regulation currently don’t work.”