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13.05.2015 17:29
EVN Bulgaria: NEK Should Divide Regulated Power Price for Consumers and the Business
EVN Bulgaria’s power distribution arm reported loss for the first time in its history

  • © EVN Bulgaria

Bulgaria’s National Electricity Company (NEK) could keep its income of BGN 693.4 million per year from EVN Distribution after July 1 when new power prices are expected to take effect for the regulated market. This however could be possible under the condition of splitting the current single power price of BGN 125.32/MWh into two regulated prices – for households and small businesses. If the changes take effect, NEK which is the single buyer and reseller of electricity to regional distribution utilities, will sell at BGN 156.80/MWh to small businesses, and at BGN 110.19/MWh to households.

The measure, proposed by EVN Bulgaria, aims to create transparency in a shrinking regulated power market which maintains lower-than-actual prices for households, while the burden is distributed among a small number of businesses. 25 percent of the latter are expected to migrate to the liberalised power market next year, when market opening is expected to take effect for the low voltage segment, it emerged on Monday, when EVN Bulgaria presented its power price proposition for the regulated market.

The proposal reflects an increase for both households and businesses, mainly because EVN Bulgaria insists that the actual level of technical losses are acknowledged and compensated through power prices. What is more, the company is working for the acknowledgment of its investments, set at zero BGN in 2013 and 2013 by the regulator, thus not included in the prices for two years in a row.

“We are ready to discuss with the responsible institutions what and why we are proposing and what we are aiming at. Along with the prices topic, we are in an active process of preparation for the full market liberalisation”, Robert Dick, country manager of EVN Bulgaria said.

Mr. Dick revealed that 2014 was a crucial year for EVN Bulgaria’s distribution arm, as it reported a loss for the first time, amounting to BGN 98.2 million (nearly EUR 50 million). The negative result is due to the lack of acknowledged investments, paired with the shrinking share of grid fees in the final power prices, EVN Distribution director Gocho Chemshirov.

TAGS: NEK | EVN | Bulgaria | EVN Bulgaria | power prices | regulated market | electricity | electricity prices | Robert Dick 

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