Market model
On the open electricity market, consumers have an unlimited possibility to choose a supplier. Competition between market participants results in...
In the free electricity market, consumers have an unlimited choice of supplier. Free competition between market participants results in improving the quality of services offered, improving security of supply and optimizing energy costs. The free electricity market in Bulgaria is based on the model of bilateral contracts and balancing market:
- Consumers conclude electricity supply contracts according to forecast schedules reflecting expected consumption.
- Manufacturers produce contracted quantities.
- In the event of a mismatch between the quantities requested and actual consumption or production, the balancing energy market is activated.
- The balancing energy market regulates the differences between previously declared and actually consumed or generated amounts of electricity, called "imbalances":
- Imbalance - the difference between the quantities of energy produced and the quantities on schedule according to the concluded contracts
- Negative imbalance (shortfall) - when the amount of electricity in the forecast schedule is greater than the amount of electricity produced
- Positive imbalance (surplus) - when the amount of electricity in the forecast schedule is less than the amount of electricity produced
Contacts