Power Rates in Bulgaria to Add 3-4% from July 2013

Business » ENERGY | October 30, 2012, Tuesday // 13:21| Views: | Comments: 2
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Bulgaria: Power Rates in Bulgaria to Add 3-4% from July 2013 Angel Semerdzhiev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has warned about a 3-4% power price hike from July 2013. Photo by BGNES

Electricity prices will increase by 3-4% from July 1, 2013, due to the renewable energy surcharge, according to Angel Semerdzhiev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).

Semerdzhiev explained Tuesday, as cited by the Bulgarian Telegraph Agency (BTA), that the grid access fee for renewable electricity producers introduced on November 14 would become permanent and would be reduced.

He noted, however, that this would not compensate for the increased green energy surcharge and electricity prices for end consumers would increase.

Renewable electricity producers in Bulgaria have opposed the grid access fee as discriminatory, staging several protests against its introduction.

They say that the new fee contradicts Bulgaria's Energy Act and a number of EU Directives

On July 2012, electricity prices went up by 13%.

The DKEVR Chair attributed the power price hike solely to the renewable energy surcharge and warned that power rates would increase further in 2013.

Semerdzhiev also said that power rates in 2013 would not be affected if market prices of harmful emissions stayed the same.

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Tags: electricity prices, DKEVR, Angel Semerdzhiev, State Commission for Energy and Water Regulation, renewable energy, power grid
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» To the forumComments (2)
mattbg - 30 Oct 2012 // 16:25:44

so after last years 13% increase "solely" due to renewable energy, when by even the worst case possible mathematics, it could have contributed 6% to the increase, yet again this utter clown is telling the people of Bulgaria that despite no investor now wanting to touch Bulgaria's renewable energy markets, there will already be another increase purely down to renewables.

has there been no increase due to the billions already wasted on the (currently) cancelled nuclear project? or the rising prices of fossil fuels? no? it's all those big bad solar panels and wind turbines to blame?

perhaps this guy has some ulterior motive, or he really is an incompetent fool - i envisage in 3 or 4 years there may be a sudden change to the legislation again, and maybe there will be some company in an ideal position to mop up the remaining target capacity to meet the EU quotas on green energy, and this chap may somehow be involved? or am i giving the level of possible intelligence in this corruption too much credit?

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