Elenko Bozhkov: 10% Power Price Hike is Unjustified

Novinite Insider » OPINIONS | September 20, 2014, Saturday // 12:55
Bulgaria: Elenko Bozhkov: 10% Power Price Hike is Unjustified Elenko Bozhkov. Photo by BGNES

A leading Bulgarian energy expert has disputed the need to raise power prices by as much as 10%, claiming that rate of increase only served the interests of power distributors. 

Bulgaria’s energy regulator DKEVR on Friday proposed to raise power prices for households by 9.79% on average as of October 1 to help cut the financial deficit in the energy sector.

“Only a rise of up to 7.5% would have been justified, the remaining increase of 2.5% has been designed to justify fictitious expenses by the power distributing companies,” Bozhkov opined.

“I guess the rate of increase could have been contained within 5.5%-6.0%”, said Bozhkov, a former DKEVR member, who was dismissed earlier this month by the caretaker government over what the cabinet described as “conflict of interest”.


We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Opinions » Be a reporter: Write and send your article
Tags: power price, Elenko Bozhkov, DKEVR, power distributors
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria