Elenko Bozhkov: 10% Power Price Hike is Unjustified

Novinite Insider » OPINIONS | September 20, 2014, Saturday // 12:55| Views: | Comments: 12
  • Send to Kindle
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”.


Opinions » Be a reporter: Write and send your article
Tags: power price, Elenko Bozhkov, DKEVR, power distributors
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (12)
malak petko - 2 Oct 2014 // 19:30:25

we have two options
1.to exclude the photovoltaic from the grid
2.and to remake the contracts with the American (privatized) power plants or if not !!!!
we will have to rise the electricity prices to a very significant level.

sa-sha - 25 Sep 2014 // 14:08:22

A potato soup? I don't know ;-)...
EDC, from my own observations: prices, or, better, cost of living (food, utilities, public transport and
other services...) in Bg and Crimea today is, if to summarize all expenditures, approximately the same, though
in Crimea, may be, slightly cheaper and, today again, all fruits and vegetables there are the "made in Crimea" ;-) ones, utmost tasty and cheap...
And the best way is, imho, to come to Crimea, to see it by the own eyes, to evaluate, to compare...

That scares me EDC - 25 Sep 2014 // 13:30:50

my Pension is only $1500.00 plus $1400.00 plus 550 Euros, we are moving soon to BG, will we be able to survive ???

EDC - 25 Sep 2014 // 13:02:07

Sorry Sa-sha meant to say 10 RUB although looks like Crimea has that evil capitalist thing called inflation too. 15 RUB is only 0.30 EUR cents for a loaf of bread. How much does a potato soup go for?
In Bulgaria bread is EUROPEAN owned
Wheat EUROPEAN owned
Potatoes EUROPEAN owned
EUROPEAN companies expect EUROPEAN returns on their food while we British pensioners making less than a thousand quid a month have to suffer the consequences of better quality food, safer food and cleaner food that benefits the average Bulgarian but makes our British pockets suffer??????????
Not to mention Bulgarian roads ruining our British roads pampered cars.!!!

sa-sha - 25 Sep 2014 // 11:58:35

;-)... off to Crimea with the 600 quid pension? Not a bad idea, btw, though the loaf of bread is ~15 rubles.

EDC - 25 Sep 2014 // 10:50:22

I have just about had it with Bulgaria being EUROPEAN and my 600 quid pension buying me less and less each day. I'm off to the People's Republic of Crimea where the loaf of bread is 1 ruble and they won't be part of the EURO any time soon?

EDC - 25 Sep 2014 // 07:52:14

When the loaf of bread on the table that costs 1lv over night becomes 1 euro.???????????

EDC - 25 Sep 2014 // 07:48:49

WHO owns the power companies now ?
Electricy European owned
Gas European owned
They and their investers want and expect to get EUROPEAN returns at eueopean prices ,like many other goods in Bulgaria the costs are slowly rising to Euro prices ,and when the EURO is put in place then the people and the pension and salaries will be leave them in the proverty unable to buy . While the Rich Bulgarian get richer having been in the KNOW and the right people around them most of them are living in the Euro lifestyle now some even living in Europe . A REALITY check will hit soon the wages and pensions that people can hardly live from now will not even feed them in THE EUROPE that seems to be the goal of the Elite .
In other coutries it happened and the government then had to borrow heavily from Europe to pay the pensions and state works a livable wage . Bulgaria is borrowing from europe now how much more will they need to keep the people in the EURO?

Caliguy - 23 Sep 2014 // 20:31:38

Buggers are hairy, that all.

Toupee - 23 Sep 2014 // 10:35:31

It's either a bad hair piece or the guy has a beaver living on his head ;)

Seedy - 23 Sep 2014 // 08:28:24

What on earth is that on his head? :D

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