1. 1 Plenary Session: Liberalisation of the Energy Market. Protection of Competition „Where we should be careful…“ Joerg Sollfelner Country Manager EVN Bulgaria 04.04.2012 Sofia

2. 2 The European Framework is very clear  Full market liberalization  Strict Unbundling  Regulated prices for grid services  Secured supply for vulnerable customers only  No discrimination of market participants  Transparent access to cross border capacities

3. 3 …but the reality is different ? Source: Eurostat Electricity prices for household consumers in 2010

4. 4 …and recently the gap became even bigger Sources: EUROSTAT, ERC MK

5. 5 What effects the textbook predicts  Monopoly rents disappear  Market prices for energy that lead to adequate investment into generation  Grid prices that assure sustainable security of supply

6. 6 What effects the customer fears  Increase of energy prices  Competitive disadvantages for the industry  Rising energy poverty

7. 7 And what we should avoid at all  Discussions behind drawn curtains  Unclear definitions in the legal framework  To put the cart before the horse  Distortion of purchase price by market separation  Unequal access to information  Artificially low regulated prices … or fully liberalized prices without social aid