The electricity and heating producing company TE-TO will work seven days a week from 5 am to 1 am with fully capacity, and the additional electricity produced will be purchased by the company Power Plants of North Macedonia (ESM).
The two companies will sign an agreement on Friday, Economy Minister Kreshnik Bekteshi told a press conference on Thursday. The decision was made at Thursday’s government session and is valid throughout January. However, if needed, the government could extend the validity period because the country has declared a state of crisis involving energy supply. Under the decree declaring a state of crisis, the government has the obligation to adopt measures by which all capacities for production of electricity can be made available to ESM in order to have an uninterrupted supply of electricity.
“The price at which ESM will take over the additionally produced electricity from the producer TE-TO is EUR 170 per megawatt hour and is a production price of electricity from a combined plant for production of electricity and heat from natural gas with a calculated selling price of natural gas in the Republic of North Macedonia for January 2022,” said Bekteshi. He added that the electricity and heating producing company TE-TO, in line with the agreements it has with suppliers, currently operates Monday through Friday with a capacity of 200 megawatts of a total installed capacity of 227 megawatts, and it doesn’t operate on Saturday and Sunday.
“By securing additional electricity from TE-TO, also heating is ensured for the heating distributer BEG, thus securing continuous, quality and economical supply of heating to consumers in the City of Skopje. At the same time, in the midst of state of crisis regarding electricity supply, natural resources used by ESM to produce electricity will be saved,” Bekteshi said. BEG still has no official position on the government’s offer to cover the difference between the price of central heating set by the ERC and the real price. “According to information, BEG cannot provide a bank guarantee, and we cannot give loans on behalf of the government without the funds being guaranteed,” Economy Minister Bekteshi said.
In addition, according to Minister Bekteshi, prices offered by BEG far exceed those on the stock exchange. BEG’s price was USD 1,480 per normal cubic meter, whereas today’s prices on the stock exchange are below USD 900.