Czech energy company CEZ has announced that it has filed a complaint with the European Commission against Bulgarian authorities' decision to take steps toward rescinding the firm's licence in the country.
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) announced Thursday new, lower gas prices as of the second quarter of 2013, confirming expectations.
Police and anti-monopoly watchdog representatives have raided the premises of the three power distributors operating in Bulgaria - CEZ, EVN, and Energo Pro.
Petko Nikolov, Chair of Bulgaria's Commission for Protection of Competition (KZK), has said that the watchdog has launched new procedures against power distributors.
Ekaterina Zaharieva, caretaker Deputy Minister, has assured that the liberalization of the electricity market in Bulgaria will not result in increased electricity prices.
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) is to announce Thursday gas prices for the second quarter of 2013.
Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association (BPVA), has said that renewable energy producers have been made to carry the blame for the problems plaguing the energy sector.
No major fluctuations in gas prices for end consumers are expected by the end of the year, according to Dimitar Gogov, CEO of Bulgaria's state-owned gas supplier Bulgargaz.
Asen Vasilev, Bulgaria's caretaker Minister of Economy, Energy and Tourism, has proposed that renewable energy installations without certificates should be temporarily disconnected from the country's power grid.
Bulgarian Minister of Economy and Energy Asen Vasilev is expected to reveal Tuesday the reform measures that the caretaker cabinet is to implement for Bulgaria's energy sector.
Deutsche Bank and Citi Group have declared their readiness to provide a loan of up to EUR 250 M to the Bulgarian Energy Holding (BEH), according to a media statement posted on the website of BEH.
Bulgaria's caretaker Economy and Energy Minister Asen Vasilev has said that the country's energy sector needs a set of urgent measures, including regulatory changes and a senior-level reshuffle at state-owned companies.
Bulgarian caretaker Prime Minister, Marin Raykov, has announced the interim government is seriously seeking ways to additionally lower electric power prices, even with minimal amounts.
The move of Bulgarian Chief Prosecutor Sotir Tsatsarov to revoke the license of Czech-owned power distributor CEZ Bulgaria is a political game, according to Czech Prime Minister, Petar Necas.
A working group of Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has proposed a reduction in gas prices by 3.89% from April 1 from the current rate of BGN 656.47 to BGN 630.94 per 1000 cubic meters, VAT and excise duty excluded.
Energy company EVN has announced that it will take legal action against Bulgaria if it is unable to negotiate concessions over an electricity dispute.
Traycho Traykov, former Bulgarian Minister of Economy, Energy and Tourism, has commented that the long-term contracts for purchasing electricity from the American Maritsa Iztok 1 (AES Galabovo) and Maritsa Iztok 3 thermal power plants are unprofitable.
Former Economy and Energy Minister, Delyan Dobrev, admitted being at fault for discovering way too late the "strange collaterals" in the contracts for long-term purchase of electric power from the so-called "American" Thermal Power Plants.
Starting Monday, workers at Bulgaria's state-owned Maritsa Iztok Mines will switch to a two-shift regime from a four-shift regime due to the shrinking coal demand of the thermal power plants in the Maritsa Iztok Complex.
Czech-owned power utility CEZ has always strictly adhered to Bulgarian legislation and the normative acts of the European Union, the company says in a press release.
The prosecution in Bulgaria has requested the revocation of the license of Czech power utility CEZ over massive regulatory breaches, revealed Bulgarian Chief Prosecutor Sotir Tsatsarov.
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