The electricity distributing company EVN has hired an international lawyer and plans to sue Bulgaria for EUR 1 B if its business is nationalized.
The 2015 liberalization of Bulgaria's electricity market will increase the prices by 30-40%, if energy efficiency is not improved, warn experts.
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has assured that a possible suspension of the licenses of local power distributors will not affect consumers.
Former Bulgarian Energy Minister Rumen Ovcharov has suggested that electricity prices can remain unchanged by the European Parliament elections in May.
Gennady Timchenko, included in US list of sanctions over Ukraine, is to build Bulgaria's part of the South Stream.
Bulgarian Energy Minister Dragomir Stoynev has rejected accusations that the current government is to blame for bringing the South Stream gas pipeline project to a standstill.
Fitch Ratings has affirmed the Bulgarian Energy Holding's long-term foreign currency issuer default rating (IDR) and long-term local currency IDR at 'BB+' with a stable outlook.
There will be no price hike for the electricity in Bulgaria, said Elenko Bozhkov of the State Commission for Energy and Water Regulation (DKEVR).
The Confederation of Employers and Industrialists in Bulgaria (CEIBG) has demanded representation in the energy watchdog.
Bulgaria's energy watchdog DKEVR has launched a procedure to suspend the license of power distributors in the country.
EVN has requested that renewable energy plants connected to its power grid in Bulgaria dwindle production capacities by 60%.
Prices of electricity might go up if power distributors can prove their expenses have increased.
Bulgaria's State Commission for Energy and Water Regulation is to decide Wednesday on a procedure for the termination of the licenses of the three power distributors.
The debts of heating utility Toplofikatsiya Sofia to the Bulgarian Energy Holding (BEH) have increased to BGN 555 000 000.
Two of three of Bulgaria's electricity distribution companies (EDCs), EVN and CEZ, expressed their concern with the situation with the country's energy sectors.
The State Commission for Energy and Water Regulation (DKEVR) fined the power distributors EVN and Energo-Pro BGN 1 M each, said the commission's head Boyan Boev.
The Bulgarian Photovoltaic Association (BPVA) has proposed the establishment of an energy board for the financial stabilization and restructuring of the energy sector.
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