September 27 (SeeNews) - Bulgarian bottled gas distributor Toplivo Gas will be licensed to trade in electricity, parent company Synergon Holding [BUL:SNRG] said.
The Energy and Water Regulatory Commission (EWRC) decided to issue the licence for a period of ten years, Synergon said in a stock exchange filing on Monday.
The EWRC said in a separate statement that it approved Toplivo Gas’s five-year business plan related to the new trading activity. According to the plan, the company expects its profit to rise to 682,000 levs ($ 336,116/348,701 euro) in 2026 from 190,000 levs in 2022. In parallel, revenue is expected to grow to 77.3 million levs from 17.4 million levs.
The forecast is based on the assumption that Toplivo Gas will sell electricity on the domestic market at average prices of 463.10 levs per MWh in 2022, 430.77 levs per MWh in 2023, 305.37 levs per MWh in 2024, 257.14 levs per MWhi in 2025 and 249.43 levs per MWh in 2026.
(1 euro = 1.95583 levs)