At the end of October, the market union with Romania will end, from where the energy path is open to the whole continent, said the head of ESO
By the end of October, the market union with Romania is expected to be a fact and our country will be able to trade electricity with the whole of Europe. This was said in an interview with BNR the executive director of the Electricity System Operator Angelin Tsachev.
Market reunification with Romania was scheduled to end late last year, but was delayed due to the delay in the interim project, which was to unite the borders of Hungary, Austria and Poland.
The tests of the project will start on September 20 and the market union is expected to start between October 26 and October 29, said Angelin Tsachev.
After that, our country will be able to trade electricity with the whole of Europe. If there is enough capacity at all borders through which energy must pass, we can trade with Germany, Belgium, France, Luxembourg, etc., said Tsachev.
He rejected the thesis that the market union with Greece, which had previously become a fact with Romania, was one of the reasons why the recent prices of electricity on our stock exchange exceeded the highest in Europe.
Rather, prices are influenced by the shortage of electricity in the entire region of Southeast Europe and the exports that our country makes.
“Exports are huge. We currently export between 25,000 and 30,000 megawatt-hours a day, and the approximate energy produced by one Kozloduy unit leaves the country within a day,” Angelin Tsachev said.
Reflection of expensive electricity
Metals have risen between 30 and 70 percent since the beginning of the year. The main reasons are the increased demand, shortage of raw materials, the sharp jump in energy prices.
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In an interview with BNR, the chairman of the Bulgarian Association of the Metallurgical Industry Anton Petrov said that this is a curve, these are temporary amplitudes. “They will level off, it won’t be the same, prices will calm down, but they will certainly calm down at a much higher level than they were before the pandemic.”
According to Anton Petrov, due to the more expensive electricity, BGN 80 million have flowed out of the industry.
“Seventy million – they have leaked out of the industry, which means they have leaked out of investments, wages, instability, bankruptcies … This money is not somewhere that we can now say, ‘We will give it now,’ they were intended.” And the Ministry of Energy – just peace and quiet, nothing happened there, “said Anton Petrov.
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