NEK to sell cheaper electricity after July 1

“The price at which the National Electricity Company (NEK) will be selling electricity to electricity distribution companies (EDCs) will probably be reduced by about 1% as of July 1,” Angel Semerdjiev, Chairman of the State Energy and Water Regulatory Commission (SEWRC), said yesterday. “Because the price of electricity generated by the AES Galabovo thermoelectric power plant (which is still not operating) was included in the total energy mix in 2010, NEK had to fill in the gap by purchasing electricity from other plants. However, the prices of that energy were lower and NEC spent less money. For this reason, NEK’s proceeds will be cut down. This will reduce the wholesale price of the electricity purchased from NEK and prices along the chain will fall as well,” specified Semerdjiev.
“No problems are expected this summer with the power supply of the Sunny Beach seaside resort,” added Semerdjiev.

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