An article published in Capital shows that the Kozloduy NPP was earning an average of BGN 10 million a day in the first quarter of this year, or a total of BGN 954 million profit for the period. For comparison, at the same time last year the profit was BGN 137.7 million, or almost seven times lower. This is a result of the extreme wholesale electricity prices in recent months. A year ago, the average spot price was around BGN 105 / MWh, while in March 2022 it reached BGN 485 / MWh.
As fuel and maintenance costs have not really changed (as in the case of TPPs), the NPP’s profit margin has reached an impressive 65% (compared to 36% a year ago). In the first quarter of 2021, revenues from electricity sales were BGN 382 million, and now they are BGN 1.47 billion.
As a result, the cash available at Kozloduy NPP as of March 31 was almost BGN 2.1 billion. Taking into account that the state seized revenues from the plant to provide funding for the payment of compensation to businesses consumers. Similarly, large portion of the current profits can be withdrawn to return to business customers who purchase electricity at the liberalized market.
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Source: Capital
