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Bulgarian Watchdog Vows No Power Price Hikes, Supply Disruptions

Business » ENERGY | March 23, 2014, Sunday // 15:41| Views: 1188 | Comments: 0
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Bulgaria: Bulgarian Watchdog Vows No Power Price Hikes, Supply Disruptions Photo by BGNES

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.

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Tags: electricity prices, power distributors, DKEVR, State Commission for Energy and Water Regulation, National Electric Company, NEK
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