Proposed Price Adjustments: Heating Costs in Sofia May See Significant Reduction
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) is convening behind closed doors Monday to make a final decision on natural gas and heating prices.
The new prices will be effective for 3 months, beginning on January 1, 2011.
It is expected DKEVR will approve a price reduction of about 5.2% for natural gas.
The Commission's Head, Angel Semerdzhiev, announced, during an open meeting on December 22, there is a strong possibility heating prices would also go down starting January 1.
The average price reduction of heating and hot water for Bulgaria is expected to be 5% and even larger in the biggest cities.
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