ELECTRICITY TO RISE BY 20% NEXT YEAR

Business | July 6, 2001, Friday // 00:00

The price of the electric power will rise by 10% to 20% in 2002, experts from the State Energy Agency (DAEER) announced. The rise is inevitable for new power capacities are put to operation, producing more expensive electricity. The cheap electric power now comes from old power plants, which are to be decommissioned soon. After 2007, Bulgaria would have to meet the EU ecological requirements. In most of the thermal plants throughout the state sulphur-purifiers are to be built and thus meeting the annual quota on the pollutants. In 2003-2004 the price of electricity is to rise. Till 2006 the electricity prices should reach the European ones. Electricity in the EU costs from 5 to 8 cents per kWh, while in Bulgaria the most expensive electricity costs 4 cents per kWh. So far, the electricity for public utilities will remain cheaper than that for the industry.

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

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
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