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Bulgaria seeks 58m free carbon credits for electricity sector

26 Sep 2011 16:09:32 | edcm

Bulgaria plans to apply for an estimated 58m free carbon emission allowances for electricity producers from 2013 to 2020, a Ministry of Environment official confirmed on Monday.

Bulgaria is eligible to continue to give some emissions allowances for free to utilities after 2012, even as most other power generators face full auctioning. This derogation is open to mainly eastern European countries that are heavily reliant on fossil fuels in their power mix and have a GDP below the EU average.

However, the Ministry of Environment said the number of free certificates is not definitive and could change according to a pending decision by the EU.

The spokesman estimated that Bulgarian power producers would be able to cover 70% of their emissions with the free allocation in 2012. This would have fallen to 10% by 2019, he said.

Poland, the Czech Republic and Romania have already said that they will apply to hand allowances out for free to the power sector after 2012.

The deadline for Bulgaria and the other countries to submit their applications to the European Commission expires on Friday. The Commission will then have six months to assess them and publish a final decision. AS

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