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09.01.2018 17:43
The EWRC Will Be Able To Supervise the Free Electricity Market
It Will Be Done by Implementing REMIT

  • Minister of Energy Temenuzhka Petkova gave assurances that there is no electric energy deficit.
    © Asen Tonev

Legislative changes, which would allow the Energy and Water Regulatory Commission (EWRC) to supervise the free electricity market, are being prepared. It will be done by implementing REMIT which provides more power to energy regulators.

It became apparent from Minister of Energy Temenuzhka Petkova’s participation in a television show on the Bulgarian National Television (BNT). She also reminded that the expected rise in the price of electricity for businesses in February between 30 and 60% is due to the price on the free market.

“The free market, as any other, has prices, which are set by supply and demand. For years on end the price businesses paid was lower than the one consumers paid”, Petkova commented. She stressed that the case is about market relation which the state cannot regulate. “What the state can do is to take action in case it receives a signal for cartel activities and distortions of competition, and carry out a check”, Petkova added.

Petkova underlined that the state will do everything possible to support businesses’ competitiveness, for which over BGN 280 million have been allocated. In Temenuzhka Petkova’s words, on the basis of a legislative change Bulgarian businesses receive a state aid by ultimately paying less for electricity up until 30 July 2018.

The Minister of Energy gave assurances that there is no electric energy deficit. As of today the National Electricity Company (NEC) has offered 70 000 MWh on the exchange, of which 19 000 MWh have been sold.

TAGS: Energy and Water Regulatory Commission | EWRC | free market | electricity | National Electric Company | NEC | regulator | price 

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