09/12/15 14:09
(http://www.klassa.bg/)

Deficit in Bulgaria’s grid operator amounts at BGN 3.7 bln

 “Deficit in the National Electricity Company (NEK) amounts at BGN 3.7 billion, as some BGN 2.3 billion is generated from unreturned investment expenses on Belene NPP and Tsankov Kamak HPP,” Bulgarian Minister of Energy Temenuzhka Petkova said during her visit to the district of Burgas.

The minister added that the tariff deficit generated by the national grid operation as a result of the regulatory policy amounted at BGN 1.4 billion. 

“The regulatory policy is based on the normative regulation and under it NEK purchases electricity from the two American power plants, the factory plants, the heating utilities, and the RES operators on higher than the market prices. 
You realise that that this is a set deficit in the system, which makes NEK unable to pay to the electricity producers,” the minister commented further. 

Minister Petkova said that one of the first steps that the Bulgarian government took to overcome the financial deficit was to renegotiate the two long-term contracts.

“Fortunately, we managed to negotiate a cut in the availability price. This is the price we pay when these power plants are not loaded and are not working. As a result of this price cut, by the end of the contracts deadline NEK will save up to BGN 1 billion, or BGN 100 million annually,” Minister Temenuzhka Petkova explained. 

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