Electric power distribution

Electricity in the 1st Week of August Increased by 6% Compared to the Last Week of July

The consumption of electricity in Sofia and Western Bulgaria in the first week of August increased by 6% compared to the last week of July, the electricity distribution company servicing this area said on 10th of August, reported the Bulgarian National Television.

PPC gets shareholder approval for grid spin-off

Greece's main power utility Public Power Corporation secured shareholders' approval on Tuesday to sell part of its grid operator to the state, a final step in concluding the spin-off of the grid next month.

Asset sales are a key condition of the multi-billion-euro bailout Greece signed up to in mid-2015, its third since 2010.

Trading exchange to help reform Greek power market

Greece plans to launch a power trading exchange next year to reform its electricity market in line with European plans for an interconnected energy grid which will help cut costs and improve energy security, it said on Tuesday.

Greece's wholesale electricity market is currently based on a mandatory pool system.

PPC takes auction start price to CoS

Public Power Corporation has referred the government's decision to set a starting price for power auctions, a case that is creating unrest in the energy industry,  to the Council of State. If PPC wins its case, it would lead to the overturning of the plans for strengthening competition in the electricity market agreed with the country's creditors.

Bulgarian Energy Minister Foresees Decrease in Electricity Prices

Bulgarian Energy Minister Temenuzhka Petkova is predicting a possible decrease in the prices of electricity due to the falling prices of natural gas.

In an interview for the Bulgarian National Television (BNT) on Friday, Petkova said that the expected decrease in the price of natural gas is slightly above 20 %.

Prices at Bulgaria's New Energy Exchange 'Unexpectedly Low'

Electricity prices at the newly set up Independent Bulgarian Energy Exchange (IBEX) are at surprisingly low levels, just two days after IBEX started "real" trade, an electricity traders' union has warned.

The prices demanded for electricity at IBEX have been below BGN 50 (EUR 25) per MWh since the one-month trial period ended earlier this week.

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