Even though these indicators strengthen a bit by the finish of the year, it will take yrs for the “Maritsa-Iztok 2” TPP to split even. And there is a opportunity that electrical power marketplaces will calm down future 12 months and the significant income for coal-fired ability vegetation will go down in heritage. The EU is also planning changes to the power market place that could limit the income of some producers by price caps. Consequently, for illustration, a marginal price can be established for thermoelectric crops, which covers the fees of their operation and delivers only a minimum financial gain, which however will not be enough for the greatly indebted condition plant.
The most significant price for quotas
Nearly BGN 907 million was invested on carbon shares out of a full of BGN 1.35 billion for the 50 % yr, an volume that is really more than half of Maritsa-Iztok 2 TPP’s whole revenues.
The expenses of emissions are four situations higher than those people of the identical interval in 2021 and efficiently mirror the maximize in creation (1.2 tons of CO2 allowances are owing for every megawatt hour) and their better expense. Due to the fact the starting of this year the quotas have moved previously mentioned 80 euros / tonne, and only soon after the begin of the Russian war in Ukraine was there a momentary sharp fall to 65 euros / tonne, and in mid-August an all-time report of 99 euros / tonne have been reached. At the moment, CO2 emissions are traded at ranges of all around 75 EUR / tonne.
If TPP “Maritsa-East 2” manages to buy sufficient allowances for next year at a superior selling price, its gain can be even greater. Sad to say, it is tricky to predict how carbon costs will move, for the reason that in a recession their price can collapse, but thanks to the substitute of fuel with other fossil fuels, their demand from customers drives the price tag up.
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