News

From Bulgaria Bookmark and Share

31.07.2018 13:29
NEK charges unreasonable costs to renewable energy plants
The state-owned company is threatened with hefty anti-monopoly fine
AUTHOR: publics.bg


  • © Brett Sayles, pexels.com

Due to unjustified costs charged by renewable energy plants sources, the National Electric Company (NEK) is facing a fine of up to 10 percent of its revenues for 2017, Mediapool repots. On Monday, the Commission for the Protection of Competition (KZK) issued a statement that the company abused its dominant position on the balancing market of electricity producers from renewable energy sources by imposing unfair trading conditions on solar, wind, water and biomass power plants participating in the balancing group of NEK.

If the allegations are proven, NEK, which has a turnover exceeding 3 billion leva, may be sanctioned with a fine up to 300 million leva.

According to KZK, the state-owned company had adjusted its own hourly schedules for the generation of electricity from RES plants belonging to the special balancing group of the state power supplier without having the right to do so. This has led to additional costs for imbalances for renewable plants.

KZK’s inquiry found that with the launch of the balancing market in its full volume on 1 June 2014, NEK, as a special balancing co-ordinator, unilaterally and unjustly altered the hourly forecast schedules submitted by RES producers. As a result of these changes RES producers were financially strained due to the artificially increased imbalances for them.

The regulatory organ also found that the methodology used, allowed NEK to charge the RES producers unrealistic costs. In this manner, the electricity company unilaterally and unjustifiably imposed on RES producers financial burdens that do not reflect objectively the incurred costs for the usage of the power system.

Within 30 days, the state company may consult the materials and object to the allegations.
 


TAGS: NEK | bulgaria | fine | competition | competition law | electricity | renewables | RES | renewable power plants 


All news from Bulgaria

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

publics.bg asks: What will you use to heat your homes this winter?









 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X