Electricity rate for the business sector up by 3.5%. Night rate to rise by 10%

georgi.velev@klassa.bg


The businesses sector will pay up to a 3.5% higher electricity rate as of next month, announced yesterday on BNR (Bulgarian National Radio) Angel Semerdjiev, Head of the State Energy and Water Regulatory Commission (SEWRC). The night rate for household electricity will rise by 10% as of July 1, specified Semerdjiev later at a roundtable on electricity prices, which will become effective as of July. The household electricity rate is expected to increase by about 1% - 1.5% next month.

In order for the night rate to increase, the daily electricity rate should become as cheap as possible. This price policy will give incentives allowing district heating companies to function and will facilitate the operation of the Electricity System Operator (ESO) SPJSC.

Nearly 64% of the electricity price paid by Bulgarian citizens is based on expenditures incurred by power generators, such as nuclear power plants (NPP) and thermal power plants (TPP). On top of it, about 18% of the costs are borne by network operators and taxes charged, explained Ivanka Dilovska, Chairwoman of the Energy Management Institute. She recommended that competition in electricity generation be intensified. Each user pays BGN 38.4 / MWh energy to energy distribution companies, while out of the revenue BGN 17.5 / MWh are allocated to NEK (National Electricity Company).

SEWRC explained that the rate of return of Bulgarian power plants varies between 0.5 - 1%. It is higher for Bobov Dol TPP (12%) and Varna TPP (12%). For the U.S-operated TPP AES Galabovo TPP, the current refund rate is 9.8 %. As to NEK (National Electricity Company), profits are 6%. As for ESO -10%; CEZ, E. ON and EVN, the rate of return is 12%.

Dilovska commented that, for the moment, a huge amount of funds is being allocated for electricity generation based on CHP (Combined Heat & Power co-generation) without any clear evidence as to the efficiency of this process.

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