A newly adopted legislation suggests that Bulgarian guarantees of origin (GOs) issued to renewable producers under a contract-for-premium support scheme will be tradable on the market, increasing GO supply in a market which is already struggling with oversupply. However, the principle of distributing those supported GOs may create market distortions and raises serious questions concerning its actual implementation.
The ordinance regulating the Bulgarian GO market was published in the Official Gazette on 9 April after it had been stuck in the legislative approval process for months. It stipulates how GOs from renewable producers under the old feed-in tariff (FiT) sche…
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