The European Commission this week slapped a €77 million ($88 million) fine on incumbent Bulgarian Energy Holding (BEH) and its subsidiaries, showing that energy companies in southeastern Europe are coming under increasing pressure to open the sector up to more competition.
Following an investigation that lasted over five years, the commission ruled that transmission system operator (TSO) Bulgartransgaz and supply arm Bulgargaz had restricted access for competitors to key infrastructure, including both domestic gas pipelines and the Transit 1 pipeline’s interconnection point with...
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