Twelve Eye Permits for Electricity Balancing Group Coordinator in Bulgaria

Twelve Eye Permits for Electricity Balancing Group Coordinator in Bulgaria

Twelve companies have applied for a licence to operate as balancing group coordinators on the electricity market in Bulgaria, Capital Daily reported.  
State-owned power utility NEK and electricity transmission system operator ESO are set to operate as coordinators alongside several electricity traders. Applications have been filed also by local units of Austria's EVN and Czech groups CEZ and Energo Pro, the newspaper reported, adding that the balancing market model is expected to become operational next year.
Once the licences are granted, the companies will also be registered with ESO which is set to be unbundled from NEK.
The balancing group coordinator redistributes the imbalances among the group members and in that way reduces the cummulative financial costs related to balancing market prices for each member. These financial costs were previously covered by NEK, ESO and the power distributors.
 
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