Electricity

Electricity market makes progress with imbalances

Published

June 3, 2016

Country

Comments

0

Share

Published:

June 3, 2016

Country:

Comments:

0

Share

Energy companies registered improvements in the regulated and liberalized power market, with part of imbalances out of the way, Publics.bg reported. Still, there are obstacles remaining from the past, according to participants at a round table on regulated prices and energy availability.

National Electricity Company (NEK), controlled by the government, is the only buyer in Bulgaria. The utility is buying 50% more electricity at regulated prices than it could sell on the regulated market, while having its price per megawatt hour decreased, chief executive Peter Iliev said. He stressed energy surpluses have not been distributed in time, creating excess bulk of up to 800 MWh in one hour. NEK is suggesting for its hydropower plants to be taken out of the regulated market mix, along with industrial thermal power plants. Dimitar Angelov, head of Bulgaria’s Kozloduy nuclear power plant, explained it became harder to compensate for low regulated prices.

Distribution companies also evoked cross-subsidising issues, the article said. EVN Bulgaria repeated its suggestion to split the price at which NEK sells electricity to distribution utilities in two parts – one for households and another for businesses.

Related Articles

Serbia EPS no longer dependent on imports acting CEO Tomasevic

Serbia’s power utility EPS no longer dependent on imports, acting CEO claims

27 January 2023 - EPS is importing much less electricity this winter than last one and it is not dependent on imports, acting CEO Miroslav Tomašević said

Second unit of Krško nuclear power plant projected to come online in 2035

27 January 2023 - The second unit in the Krško nuclear power plant could be in operation in 2035, but project permits are still pending

Household solar power systems overload Cyprus electricity grid

Household solar power systems overload Cyprus electricity grid

27 January 2023 - The distribution and transmission system operators in Cyprus asked for a freeze in issuing licenses for small solar power installations for self-consumption

cwp montechevo solar montenegro

CWP enters Montenegrin renewables market with 400 MW solar project

26 January 2023 - The investment is valued at around EUR 360 million, while the development and construction of the project are planned in phases