Bulgarian Watchdog Vows No Power Price Hikes, Supply Disruptions
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.
DKEVR member Elenko Bozhkov explained Sunday that there were no reasons to worry about price hikes or power supply disruptions as a result of such a move.
Bozhkov, as cited by the Bulgarian National Radio (BNR) announced that the energy watchdog would hold an open sitting on the case on April 7 and in the case of a failure of the three power distributors (CEZ, EVN and Energo-Pro) to pay their debts to the National Electric Company (NEK) over the next 14 days, the respective decision would be adopted at a closed sitting.
He specified that in the case of a suspension of the licenses of the three power distributors, the law required the appointment of a so-called special manager in charge of the public supply of electricity.
- » Bulgaria to Study Options for Azerbaijani Gas Supplies - Energy Min
- » Bulgaria Doesn't Appeal Arbitration Ruling over Atomstroyexport Debt
- » IAEA, EBRD Officials among Speakers at Nuclear Decommissioning Conference in Sofia
- » Bulgarian Parliament Approves Financial Aid Bill for Payment of NEC's Debt
- » Bulgarian Parliament To Vote On State Loan To NEC
- » Bulgarian PM Borisov Talks With Russian President Putin