site.btaRound Table Discussion on Energy Crisis, Bulgaria's Response to Soaring Prices to Be Held in Sofia

A round table discussion on a report titled "Charting a Course Through the Energy Crisis: Assessing Bulgaria’s Response to Soaring Prices and Outlook on the New EU Market Design" will take place on Friday, both in person at the Grand Hotel Millennium Sofia and online. The event is organized by the Faculty of Economics and Business Administration at the St Kliment Ohridski University of Sofia, the Faculty’s newly established unit, Net-Zero Lab@FEBA said.

The discussion will bring together experts to exchange views on the national and European efforts needed for the regulatory improvement of the internal energy market and to share their assessments and analyses of the lessons learned from the recent surge in energy market prices over the past two years.

Cillian O'Donoghue, Policy Director at Eurelectric, will be a special guest at the event. With more than 3,500 members from 32 countries, Eurelectric is the sector association that represents the common interests of the European electricity industry.

In the past few years, unprecedented global challenges have profoundly affected the energy landscape, Net-Zero Lab@FEBA added. As the European Union was recovering from a global pandemic, it encountered a new crisis: soaring energy prices. This crisis also hit Bulgaria, leading to inflation levels four to five times higher than usual, driven by a surge in commodity prices despite wide compensation measures, the organizers said.