The Energy and Water Regulatory Commission held a public consultation of a draft Methodology for determining the electricity prices of the supplier of last resort (SLR).
According to the commission, the current methodology regulates the method of determining the electricity prices of the suppliers of last resort, which is not in accordance with the legislation applicable today, as it provides for the purchase of electricity to cover the consumption of SLR’s customers only from the public supplier.
The new Methodology binds the price for delivery of SLR to the hourly prices on the day-ahead market of IBEX and with the imbalance price for shortage to ensure that the prices paid by the customers of SLR will be significantly higher than the market prices, thus stimulating the consumers to choose other supplier.
The average price of electricity for SLP’s customers is calculated using the following formula:
Цдпи = (80%*Цпдн + 20%*Цнбп)*(1 + Кд)
Цдпи – average selling price of electricity, in BGN / MWh;
Цпдн – price of electricity on the day-ahead market for the respective hour, in BGN / MWh;
Цнбп – imbalance price for shortage for the respective hour, in BGN / MWh;
Kd – the component for the activity “supply of electricity from SLR”, which is currently 5%.
The draft Methodology for determining the prices of electricity from TED is available only in Bulgarian at: https://www.dker.bg/uploads/_CGCalendar/2021/proekt-metodika-dpi-09jun2021.pdf