Bulgaria Prepares to Offset Electricity Price Hikes with Compensation for Households
Energy Minister Zhecho Stankov reassured Bulgarian citizens that electricity bills will not be impacted by the upcoming market liberalization
Today's Quote
Quotes | March 20, 2013, Wednesday // 19:57
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"If you look at the structure of energy prices in Bulgaria, you find out that rather than the CEZ distributor, renewable sources have a much higher share in their growth. Besides, we can only speculate how close Bulgaria's Chief Prosecutor Sotir Tsatsarov is to former PM Boyko Borisov, who has in fact set the whole case into motion. No one but an independent regulator can revoke a license. We can only hope that Bulgaria will proceed in keeping with the principles of rule of law and European standards."
Czech PM Petar Necas comments warnings by Bulgarian Chief Prosecutor Sotir Tsatsarov that a license withdrawal procedure has been started against Czech power utility CEZ following weeks of protests against high electricity bills in Bulgaria.
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