Specifically, at night the hydraulic units pump water from the Dniester into the upper basin, thereby consuming the surplus of cheap electricity from electricity networks. In the morning, during peak hours, the same amount of water can be discharged back into the Dniester through generators, producing electricity.
The Bulgarian government is announcing measures to compensate businesses for high electricity prices.
This became possible after companies and workers protested in Sofia, demanding to be compensated for the price of electricity for non-household consumers on the stock exchange, which reached over BGN 480 per megawatt-hour.
Ljubljana – After Slovenia’s largest energy company Petrol announced earlier this week that it will increase the price of electricity in December, some predicted that other suppliers would follow, but most suppliers now forecast that their prices of electricity for households would not increase until next year.
If gas prices remain at the same record levels, electricity and heating for household consumers will jump by 20-30% from January, according to Bulgarian Energy and Water Regulatory Commission estimates.
The price of gas on European markets reached 118 euros per megawatt-hour, making a 20% increase on a daily basis.