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Angela Toneva. Photo by BGNES
Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) has confirmed its head Angela Toneva has resigned, citing stress.
Unofficial information however says that Toneva, who was appointed as the regulator’s head in June, has stepped down as a result of outside pressure on DKEVR to reduce electricity prices starting 2014.
Another possible reason could be the new 20% tax on renewable energy sources, with which she apparently did not agree.
Toneva has not yet commented on these reports.
Acting Energy Minister Traycho Traykov said Bulgaria should not tap into its 90-day fuel reserves to ease prices, stressing that they must remain a safeguard in case of an actual supply disruption
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
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