Electric power distribution

After a short fluctuation in October, the prices of electricity traded on the Energy exchange (BNEB) are going up again, according to the monthly report of BNEB.

 In November in the segment "Day ahead" the base electricity reached an average price of BGN 93.28 per megawatt hour, which is 10.5% more expensive than in October.

The wholesale electricity market has not been running smoothly and authorities are concerned that exorbitant price rises may find their way onto consumers' bills.

A month after the so-called "target model" to determine wholesale electricity prices was introduced in Greece, prices have more than tripled, prompting the Energy Regulatory Authority (RAE) to intervene.

The project to hook up the electricity grids of Crete and Attica is finally entering the implementation phase after the signing of the contracts between state grid operator ADMIE's subsidiary Ariadni Interconnection, which has undertaken the project, and the contracting companies, in a ceremony on Wednesday in Iraklio.

Turkey's energy regulator EPDK has announced new measures for natural gas and electricity bills for the next three months amid the coronavirus break.

The electricity market is trying to express solidarity with companies and individuals suffering from the effects of the coronavirus epidemic, with Public Power Corporation and Elpedison announcing measures in a bid to make life easier for their customers and heeding the call to that effect by Energy Minister Kostis Hatzidakis.

Turkey's day-ahead spot electricity market's trade volume increased year-on-year by 17.17 percent in 2019, according to data provided by Turkey's Energy Exchange Istanbul (EXIST) on Jan. 6.

The trade volume in the day-ahead spot electricity market, which EXIST has operated since 2015, registered at 40.85 billion Turkish liras in 2019 compared to 34.86 billion liras in 2018.

Bulgaria joins the common European electricity market, the Electricity System Operator announced. Together with Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia, Bulgaria will now be involved in unifying the electricity markets.

So far, there were 14 European countries involved in the union.

The first deliveries are planned for November 20 this year.

Energy Minister Aleksandar Antic said electricity will be more expensive starting December, to be calculated in the January electricity bills.
According to him, the price of electricity for the industry will not go up.
Antic said for RTS that there had been no corrections in electricity prices for more than two years.

Mytilienos subsidiary Protergia is the first alternative power provider to have reacted to the increase in the price of electricity from Public Power Corporation, as on Thursday it launched three new packages for the electricity retail market following the model set by cellphone networks.

The heat of recent days has raised electricity consumption by between 7 and 17%, according to data from the Electricity System Operator. Experts advise saving electricity not only because of higher bills expected, but also to avoid overloading the networks.