Bulgarian Energy Watchdog Makes U-turn in Price Forecast
Electricity prices could be bound to go down, according to assumptions of Angel Semerdzhiev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).
Semerdzhiev made the statement just one day after his forecast that electricity prices will increase by 3-4% from July 1, 2013, due to the renewable energy surcharge.
"If there are favorable factors, these prices can decrease," the DKEVR Head stated Wednesday during an emergency joint press conference with Economy and Energy Minister, Delyan Dobrev.
The two now say there are no expectations for the price hike. The conference was called after the Bulgarian Trud (Labor) daily wrote Wednesday that the 2013 increase might hit 14% over the costs for the purchase of carbon dioxide quotas for polluting productions, for green energy, and the investment needs of the energy business.
Semerdzhiev noted that currently expectations and forecasts for the increase of prices of electric power in July 2013 were not on the table.
"We anticipate a decrease of the prices of natural gas, which will compensate for the green energy surcharge, and will lower the electricity ones," he said.
Bulgaria is negotiating with Russia a new contract for the prices of natural gas, which is expected to be sealed next week.
- » Launch of Power Exchange Will Not Lead to 30-40% Price Spike – Watchdog Chair
- » OMV Interested in Using Bulgarian Pipes to Transport Romanian Gas
- » Macedonia Will Only Join Turkish Stream amid Agreement between Russia, EU on it - Gruevski
- » Lukoil 'Manipulating Bulgaria Oil, Diesel Fuel Prices' - ex-PM
- » Final Agreement on Bulgaria-Greece Gas Interconnector 'Delayed by Technicalities'
- » Poor Transport, Energy Links Impede Development of SEE Countries – Plevneliev, Pusic