Angel Semerdzhiev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has suggested that electricity prices are very likely to decrease by 1-2% from July 1, 2013.

He argued that the reason for the anticipated price decrease was the reduction in the surcharge for electricity generated by high-efficiency combined-cycle power plants (CCPP) after the reduction of natural gas tariffs.

Semerdzhiev informed that the so-called green surcharge, which aims to stimulate the production of renewable electricity, would most probably remain unchanged.

The DKEVR Chair claimed that renewable energy producers could wait for their big profits because they had signed 20-year contracts.

He added that there were no reasons for an increase in the non-recoverable expenses surcharge, which was introduced in July 2012 to compensate the expenses of the National Electric Company (NEK) for purchasing energy from thermal power plants AES Galabovo and Contur Global Maritsa Iztok-3 under long-term contracts.

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