News

After ascertained increasing of inflows to Kardzhali Reservoir, Studen Kladenets Reservoir and Ivailovgrad Reservoir and calculated inflows to Studen Kladenets Reservoir in the amount of 827 m³/sec, actions were undertaken with regard to a high wave passing. In order to ensure the necessary volume in the reservoirs for the expected increased inflows, such inflows are processed by the three hydro power plants owned by  Natsionalna Elektricheska Kompania EAD. Currently, the spillways of the three dams are in good condition and are in normal operation.  

The relatively low volumes of the high wave already passed, as well as the timely reaction of the National Electric Company to start intensive processing of water quantities from the reservoirs, even before the event, allowed keeping the high water wave in the reservoirs of Cascade. In this way, the overflow of water quantities through the spillway of the last step of the Cascade - Ivaylovgrad Dam, was prevented. This has been followed by water quantities processing in accordance with a schedule until the limit water levels for the Cascade set by the Ministry of Environment and Water are reached.

In pursuance of Art. 36a of the Energy Act, NEK EAD is obliged to announce its intention to change the prices it applies when performing its licensed activities for the next price regulatory period, starting from 01.07.2020.

The price at which the Company, as a Public Supplier, sells electricity to the End Suppliers is a function of the following components:

• Electricity quantities requested by the End Suppliers for consumption needs;
• Capacity availability for electricity generation of the producers from which the Public Supplier buys electricity, as well as electricity quantities for which the Public Supplier concludes deals with the End Suppliers, which are determined by EWRC in accordance with Art. 21, para. 1, it. 21 of the Energy Act (EA);
• Prices of the producers, regulated by EWRC under art. 30, para. 1, it. 1 of the Energy Act;
• Estimated market price by producer groups, determined by EWRC for each regulatory period;
• Compensations provided by the Energy System Security Fund, determined by EWRC.

Currently, NEK EAD does not have complete information on the price forming components for the next regulatory period, therefore it cannot assess the level of the price at which the Public Supplier will sell electricity to the End Suppliers.