Skip to main content
Contact us
Submit RFP

      Electricity is of major importance to the Bulgarian economy

      In line with EU liberalisation efforts, the major developments in the Bulgarian electricity sector in recent years are related to the transposition of the Third Energy Package, facilitating the market liberalisation process and increasing the rights of the consumers.

      • Issues in the electricity sector
        • Decreasing annual gross production of electricity due to decreasing internal electricity consumption
        • Increasing share of the liberalised market
        • Decreasing levels of investments in maintenance and modernisation, slowed down by insufficient financing in the sector
        • Low energy efficiency
        • High share of installed capacities from renewable resources (32.9% as at 31 December 2013), thus exceeding requirements set, as a result of the investments made in recent years
        • Recently established energy exchange and balancing market, which has been in operation only since 1 June 2014. 
           

        These features of the local electricity market impose serious challenges for its future development and stability, especially considering the ever changing economic and regulatory climate. 

      • Mid-term Perspective

        In the mid-term perspective, there is a need for:

        • Stability in regulatory policies
        • Overall strategy for the development of the sector with a particular emphasis and clear vision on the future of nuclear energy and energy efficiency. 
      • Strategy Plan

        The overall strategy should envisage measures to:

        • Resolve the issues with financing in the sector
        • Improve the functioning mechanism of the balancing market
        • Contribute to an operational energy exchange. 
      • The Right Support

        By combining valuable global insight with hands-on local experience, we help our clients address the challenges they are facing.

      Sun setting behind the silhouette of electricity pylons

      What do we do?

      We maintain a leading market position through assisting major organisations in the Electricity sector to respond to industry trends and business issues. Our portfolio of clients ranges from large multinationals to local players. 

      Our team of highly qualified professionals with a special focus on the Electricity sector can provide you with a wide range of services, tailored to the specific client needs, including full scope Audit, Tax and Advisory services. Our sector specific services are: 

      • Regulatory accounting 
      • Regulatory compliance 
      • Regulatory tax and legal advice 
      • Business performance improvements.
      drive_eta

      Transforming the auto industry with leading insights and new perspectives, enabling businesses to navigate market complexities and achieve growth through technology integration.
      Read More
      add_road

      KPMG's team of infrastructure professionals advise on designing, executing and managing infrastructure projects and transactions.
      Read More
      corporate_fare

      KPMG's Banking practice is well placed to help clients successfully navigate challenging times and capitalise on opportunities.

       

      Read More
      oil_barrel

      KPMG in Bulgaria assists organisations in the oil and gas sector to respond to industry trends and business issues.
      Read More
      account_balance

      KPMG seeks to offer progressive strategies to help address the range of challenges facing the public sector.
      Read More
      laptop

      In sectors driven by fast-growth, the emergence of non-traditional competitors and markets challenges established business models.
      Read More
      build

      Navigating manufacturing challenges with professional consulting for digital transformation and ESG, supporting operational efficiency and long-term resiliency.
      Read More
      cell_tower

      Communications infrastructure is an important element of an effective functioning economy and staying updated is a challenge for telecom sector.
      Read More