No cheap electricity from Bulgaria, Macedonia will buy it expensively

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Macedonia and Bulgaria seem to be further and further away from an agreement on the purchase of cheap electricity. The government wants to buy electricity at 200 euros per megawatt hour, which is far below the stock market price, which ranges up to 800 euros. Electricity from Bulgaria is sold for around 400 euros. But despite the announcements and optimism from the Government in Skopje that an agreement will be reached with Sofia, this was not confirmed at today’s meeting of the Macedonian President Pendarovski and Bulgarian President Radev in Sofia. On the contrary, Pendarovski confirmed that the Bulgarian side can sell exclusively according to stock exchange prices.

“The rule is that a member state of the European Union that has surpluses of electricity must sell them on the world market”, said President Stevo Pendarovski.

But there is an option, after Macedonia would eventually buy the necessary amounts of electricity from Bulgaria at stock market prices, it could ask the European Union for certain financial compensation.

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