Bulgarian Energy Regulator to Discuss Proposed Changes to Power, Heating Prices

Bulgaria’s energy regulator will discuss on Thursday proposals to keep electricity prices for consumers flat or little changed and cut prices of heating energy by up to 16% from the beginning of next month.

Ivan Ivanov, head of the Energy and Water Regulatory Commission (KEVR), has said that a drop in natural gas price compared with previous regulatory periods was the main reason for the proposed decrease in the price of heating energy.

Under the proposals, power distributor CEZ Bulgaria operating in western and northern Bulgaria will keep unchanged electricity prices for consumers. Power distributor EVN operating in southern Bulgaria will see a price rise of 0.6%, while Energo Pro serving customers in eastern Bulgaria will cut prices by 0.9%.

Electricity prices for small industrial consumers are expected to be cut by between 5% and 15%.

Cuts ranging from 4% to 16% have been proposed for the price of heating energy. A price cut of 10% has been proposed for Sofia.

At the end of the month KEVR will make its final decision about the new prices that will take effect on July 1.

(www.novinite.com)

 

Bulgaria’s energy regulator will discuss on Thursday proposals to keep electricity prices for consumers flat or little changed and cut prices of heating energy by up to 16% from the beginning of next month.

Ivan Ivanov, head of the Energy and Water Regulatory Commission (KEVR), has said that a drop in natural gas price compared with previous regulatory periods was the main reason for the proposed decrease in the price of heating energy.

Under the proposals, power distributor CEZ Bulgaria operating in western and northern Bulgaria will keep unchanged electricity prices for consumers. Power distributor EVN operating in southern Bulgaria will see a price rise of 0.6%, while Energo Pro serving customers in eastern Bulgaria will cut prices by 0.9%.

Electricity prices for small industrial consumers are expected to be cut by between 5% and 15%.

Cuts ranging from 4% to 16% have been proposed for the price of heating energy. A price cut of 10% has been proposed for Sofia.

At the end of the month KEVR will make its final decision about the new prices that will take effect on July 1.

- See more at: http://www.novinite.com/articles/174709/Bulgarian+Energy+Regulator+to+Discuss+Proposed+Changes+to+Power%2C+Heating+Prices#sthash.VkxOKCav.dpuf
EVENTS 15th South East Europe Energy Dialogue 3rd Tirana Energy Forum 1st Greek-Turkish Energy Forum Decarbonization Policies in South East Europe – between climate change and war

ADVISORY SERVICES Green Bonds

PUBLICATIONS The Greek Energy Sector 2023 South East Europe Energy Outlook 2021/2022 Long-Term Gas Contracting Terms, definitions, pricing - Therory and practice More

COOPERATING ORGANISATIONS IEA Energy Institute Energy Community Eurelectric Eurogas Energy Management Institute BBSPA AERS ROEC BPIE