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03.06.2016 11:43
Bulgarian Energy regulator Vows for Gradual Imbalances Reduction
NEK proposes its hydropower plants to be taken out of the regulated market mix, along with industrial TPPs
AUTHOR: Atanas Georgiev

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Bulgarian energy companies reported that there has been an improvement on the regulated and liberalised electricity market, as some imbalances have been eliminated. Some issues from past regulatory periods, however, still remain, it became clear during a public discussion of the regulated power prices and energy availability for the regulated market on Thursday.

The state-owned National Electricity Company (NEK), which is also the country’s single buyer, is still to buy 50 percent more electricity at regulated prices than it could sell on the regulated market, while having its price per MWh decreased, NEK CEO Peter Iliev said. Iliev stressed that the energy surpluses have not been distributed in time, creating excess bulk in the likes of 800 MWh/h at times.

NEK proposes its hydropower plants to be taken out of the regulated market mix, along with industrial TPPs.

Dimitar Angelov, CEO of Bulgaria’s Kozloduy NPP, explained that the power plant is finding it harder to compensate for low regulated prices, as exports and liberalized market prices have dropped.

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

Prof. Ivan Ivanov, chairman of the energy watchdog stated that there will be gradual reduction in these imbalances.

TAGS: Bulgaria | energy | regulation | NEK | Kozloduy NPP | liberalized market 

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