CEZ Trade Bulgaria will auction electricity from Varna power plant. The amount of base-load electricity that will be offered from Varna is 1.76TWh, for this reason Varna will reserve 200MW from its installed capacity. The amount of electricity offered represents 40% of electricity on the free market in Bulgaria.
It would be positive if this move would help to accelerate the liberalization of Bulgarian electricity market as it remains to be rather difficult market for CEZ. We see the news as neutral for today’s trading.