Bosnia’s major electricity utility EPBiH has chosen five companies to purchase 1,600 gigawatt-hours (GWh) of its 2015 power excess for approximately 70 million euros ($87 million), as stated by an official of EPBiH on Thursday.
Purchasers comprise the local divisions of London-based trading and investment company Energy Financing Team (EFT), Swiss-based Axpo Trading, Slovenian HSE, European wholesale electricity trader Ezpada and Croatian power utility HEP, according to him. The price is 4.6 percent lower than the 2014 sale of 1,260 GWh of excess electricity because of the economic recession that has moderated industrial demand, but still accounts for a 21.5 percent premium to the price of the German benchmark front-year contract. EPBiH, the biggest of Bosnia’s three power utilities, runs two coal-fired plants and three hydro-power plants with a total capacity of 1,165 MW and 517 MW, respectively. Bosnia gets 40 percent of its electricity from hydro power, while the remaining derives from coal-fired power plants. The country is able to export power, not like its Balkan neighbours, who depend on imports to cover much of their consumption.
(Source: energymarketprice.com)
