Power Distributor CEZ Wants Increased Share in Final Prices

Business » ENERGY | September 11, 2014, Thursday // 13:49
Bulgaria: Power Distributor CEZ Wants Increased Share in Final Prices Photo by BGNES

Electricity distribution company CEZ has proposed that its share in the consumer price of electricity be raised to a level which would allow it to maintain the energy grid.

The company has called on the energy regulator to set prices in a fair and transparent way, with grid operators placed on equal footing.

CEZ has argued actions of Bulgaria's energy watchdog DKEVR do not encourage investment in the grid, the website Dnevnik.bg reports.

Is also maintains changes introduced by DKEVR in early 2013 put obstacles to investment opportunities.

DKEVR decreased by 90% the share of CEZ in end prices in 2013, boosting that of state-owned National Electric Company (NEK) and the Energy System Operator (ESO).

Even after a two-percent hike of final prices was introduced in July 2014, EDCs have complained of dwindling revenues.

CEZ is meanwhile planning to invest BGN 862 900 in the power grid of Western Bulgaria, with infrastructure building and repairs in the capital Sofia and the towns of Pleven and Mezdra.

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

Energy » Be a reporter: Write and send your article
Tags: DKEVR, CEZ, electricity, EDCs, power distributors, NEK, ESO
Expats.bg All Are Welcome! Join Now!
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