Bulgaria Energy Utilities Seek Sharp Price Hikes from July

Business » ENERGY | April 30, 2015, Thursday // 22:08| Views: | Comments: 8
Bulgaria: Bulgaria Energy Utilities Seek Sharp Price Hikes from July KEVR Chairman Ivan Ivanov. Photo BGNES

Bulgarian power distributors and heating utilities are seeking double-digit hikes in prices for end consumers from July, Nova TV reported on Thursday.

The heating utility supplying hot water to the city of Plovdiv is seeking the highest increase among its peers, by more than 30%. The heating utility in Sofia has proposed to Bulgaria’s energy regulator KEVR to allow it to raise the prices of hot water and central heating by 17.5%.

Power distributors CEZ Bulgaria and Energo-Pro are seeking a 25% rise in night-time tariffs only, while EVN Bulgaria has asked for an increase of about 8% in electricity prices for end consumers, Nova TV said.

The head of the energy regulator Ivan Ivanov told Nova that KEVR is to rule on the demands of the companies within two months.

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» To the forumComments (8)
Fr Jack Hackett - 4 May 2015 // 15:25:31

Sadly this is what happens when public utilities are privatized and sold off to foreign companies who feel no loyalty or responsibility to consumers who are not their own countrymen

hmmmpet - 3 May 2015 // 18:15:21

We get it...the Petereffect is a paid poster from energopro/evn/cez.

Just when you thought the government can't get any more pathetic than that 0_0...

peterperfect - 2 May 2015 // 09:57:52

Peterzero, but now we have to pay for that 2 years. When prices have to rise due to cost of materials, production, in other words due to increased costs to suppliers, then to artificially hold prices down has to lead to even higher prices when the cap is removed, logical. It is that or loss of jobs, earnings, service, something/someone has to pay somewhere along the line. Energy does not come from no-where, if you know otherwise let us all in the secret.

edc - 2 May 2015 // 08:21:32

I did not say the EU was at fault but the company owners who wish to charge EU prices ,in a country that does not have EU wages.

Peterzero - 1 May 2015 // 12:08:41

Well Peter, at least the people had 2 years of not being extorted by electricity companies and pay double price just because.
Maybe they could allow price changes, coupled to outages. Think prices will go down then ...

peterperfect - 1 May 2015 // 08:39:31

This is what happens when governments interfere with prices in the private sector, as did the last government. By all means, if an increase is suspect, let government hold an investigation and then ruling in the light of its findings but caps and freezes and artificial prices just do not work, when these are removed there is always a huge adjustment to be made. edc read comments by EDWARD these are relevant to the issue, not down to the EU but to the market economy or, rather, the companies involved failure to fully join the market economy.

EDWARD - 1 May 2015 // 08:13:23

It seems those who aquired these service companies from the old Russian type of service in partiular heating and water have done nothing to change the equipment within the propertirs they provide ,most if not all still have the old iron pipes and radiators for heating but as the system is fully included in pricing the company remains responsible form ALL maintainance of supply equipment regardless of where it is installed including private homes. The reason is of course because the customer , 1/ is paying for a complete package service . 2/ there is no other provider to change to , Therefore the hot water supply and heating is a MONOPOLY . Which no doubt is a breach of EU law . The government needs to see that ALL properties provided with this service are internally efficent and up to date with maintainace before any further rises or charges can be applied ,for to long people have paid for what should have been the complete package but all they got was water but never any internal upgrade to more efficent products .
Where have the profits from the payments made gone as no upgrading of equipment or internal maintaince has been done since the company took over . Another example of ??? Bulgarian services living in the past and only collecting money .
1/ Who OWNS the water supply ? Bulgaria or was it sold of to some other country ?
2/ Who Owns the Electricy supply ? or was it sold of also .
3/ Where has the money gone that was recieved by the induviuals when these companies or there rights were sold .
4/ Time Bulgarians woke up and started to ask QUESTIONS and stopped living in the past .

edc - 1 May 2015 // 07:44:11

Welcome to EUROPE and european prices . BUT NOT European WAGES unless your are the Management or owner of the company store.

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