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

Croatian Chamber of Economy lex specialis for renewables position paper

Croatian Chamber of Economy asks for lex specialis for renewable energy sector

28 March 2024 - The Association for Renewable Energy Sources produced a position paper identifying obstacles and possible solutions

romania delgaz hydrogen 20HyGrid

Romania successfully tests blending hydrogen in natural gas distribution grid, households

28 March 2024 - E.ON Romania declared success in its test of blending hydrogen into the gas network and using the mixture in households.

IRENA-Global-solar-power-capacity-surpasses-hydropower-in-2023

IRENA: Global solar power capacity surpasses hydropower in 2023

28 March 2024 - The world's renewable electricity capacity additions in 2023 hit a record 473 GW, dominated by China. Solar power became the largest segment in total.

aleksander mervar eles krsko solar slovenija

Mervar: Electricity from Krško 2 nuclear project won’t be cheaper then EUR 125 per MWh

27 March 2024 - CEO of Slovenia's TSO ELES Aleksander Mervar said gas power plants need to be built to prevent the need for large electricity imports