Electricity

Power suppliers to loose licenses after failing to secure electricity

Suppliers fail to secure electricity to consumers due to high prices north macedonia

Photo: analogicus from Pixabay

Published

September 27, 2021

Country

Comments

0

Share

Published:

September 27, 2021

Country:

Comments:

0

Share

The Energy and Water Services Regulatory Commission of the Republic of North Macedonia (ERC) has launched the procedure to repeal the licenses of electricity suppliers because they didn’t provide on time all the quantities under the contracts with the consumers.

Rising electricity prices are causing problems to suppliers all over Europe, and now similar difficulties have emerged in the Western Balkans. According to an analysis by Balkan Green Energy News, prices in Southeast Europe have soared 60% against pre-pandemic levels.

ERC has started procedures for repealing the licenses of Mist Energy and UPower

The Energy and Water Services Regulatory Commission said it had launched procedures for repealing the licenses of Mist Energy and UPower.

The suppliers didn’t provide the electricity in line with the contracts with consumers on time and the agreed quantity. The two companies also didn’t act in accordance with the previously adopted ERC decisions on measures to harmonize their operation.

ERC has also asked Energija Gas and Power to provide evidence that it has secured the electricity for consumers

ERC has also asked electricity supplier Energija Gas and Power to provide evidence that it has secured the contracted amount of electricity for consumers.

Marko Bislimoski, president of the ERC, said Mist Energy and UPower didn’t buy electricity on time. When the prices on the power exchanges increased, the missing quantities were supplemented by transmission system operator MEPSO’s reserves intended to balance the grid.

MEPSO recorded increased undue use of electricity intended for emergencies and alerted ERC. The electricity that suppliers use from the balancing mechanism is cheaper than the one on the power exchanges, which distorts competition and endangers the grid’s stability.

ERC monitors the situation constantly, and a month ago, it asked the said suppliers to submit evidence that they have provided electricity for their consumers. Still, they did not act until the deadline, and a procedure for revoking licenses has been initiated, according to Bislimoski.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

German coal plant LEAG invest EUR 10 billion green energy

German coal plant operator LEAG to invest EUR 10 billion in green energy

05 October 2022 - LEAG is switching to wind and solar power, energy storage and sustainable mobility as Germany aims to phase out coal by 2038 or sooner

Ember: Turkey can halve dependence on imported fossil fuels in power generation by 2030

05 October 2022 - Ember prepared a study to summarize various electricity transition pathways towards 2030 under the guidance of recently conducted modeling studies

Steag LSG 66 MW solar park Bulgaria build another

Steag, LSG complete 66 MW solar park in Bulgaria, preparing to build another one

05 October 2022 - SENS LSG built a 66 MW solar park near Plovdiv. It is about to start the construction of 50 MW more in capacity in Bulgaria.

High electricity prices threatens DSOs ability to secure reliable supply of consumers energy community

Energy Community DSOs: High electricity prices endanger reliable supply of consumers

05 October 2022 - DSOs are experiencing a severe liquidity crisis, according to the findings of the Coordination Group of the Energy Community DSOs