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17.05.2017 16:48
Over 85,000 Customers Left the Bulgarian Regulated Power Market in 2016
Energy watchdog supports integration of power plants with PPAs in the liberalised market with the use of contracts for difference

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More than 85,000 customers left the regulated power market in 2016 alone, Prof. Ivan Ivanov, chair of the Energy and Water Regulatory Commission (EWRC) said during a liberalization-centered conference organized by the Energy Management Institute (EMI) in Sofia on May 16 and 17.

“Nevertheless, households constitute only about a thousand of these”, Ivanov said.

A mere 3 per cent of all power consumers are on the liberalized market. Still their consumption represents 37 per cent of the total power consumption in Bulgaria. Their share is equivalent to the consumption of the 97% of power consumers, predominantly households, still on the regulated market.
46 per cent of power produced in Bulgaria is sold on the regulated market, 17 per cent is exported, and 9 per cent are earmarked for covering grid loss.

“If exports are added to the liberalized market, its already surpasses the regulated market with 54 per cent against 46 per cent”, Ivanov said.

Power plants with PPAs, namely AES Galabovo and ContourGlobal Maritsa East 3, should be transferred to trading on the liberalized market, with the integration of contracts for difference. They should be followed by large renewable energy installations and high-efficiency cogenerations, Ivanov said.

TAGS: Bulgaria | energy | power | liberalised market | PPAs | contracts for difference | AES Galabovo | ContourGlobal Maritsa East 3 

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