If we compare the data of 2020 and 2019, we can see that electricity generation has fallen by almost 8%, which is a record for the last 10 years. Consumption also decreased by about 2.5%, but the export-import balance, which decreased by 41%, according to ESO data makes the strongest impression, energy expert Pavlin Pavlov told 3e news.net.
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.
Electricity generation at natural gas plants has decreased dramatically due to decline in demand, Electricity Producers Association head Cem Aşık said on April 23.
"We expect a decrease of 20 percent in demand this month. The decrease in demand will be 17 percent in May and 4 percent in June, according to our estimates," he said.
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.
Romania's primary energy supply increased by 1.0pct, while electricity supply declined 4.5pct, both in the first five months of 2019, year-over-year, according to data published on Friday by the National Institute of Statistics (INS). The main primary energy supply January 1 - May 31, 2019 totalled 14.406 million tonnes of oil equivalent (toe), up 147,100 toe from the same period of 2018.