Electricity Price Might Rise in April or July – Energy Watchdog

Business » ENERGY | December 29, 2014, Monday // 10:56| Views: | Comments: 0
Bulgaria: Electricity Price Might Rise in April or July – Energy Watchdog Chair of Bulgaria's State Energy and Water Regulatory Commission (DKEVR) Svetla Todorova. Photo: BGNES/EPA

The price of electricity in Bulgaria is not going to rise on 1 January 2015, but an increase might take place in April or July next year.

This was announced by the Chair of the State Energy and Water Regulatory Commission (DKEVR) Svetla Todorova in an interview for private bTV station.

In October, prices went up 9.5 to 9.9 percent depending on which company provides electricity distribution services.

Todorova said that increases in the price of electricity were not the only means through which to bring stability and normality to the energy sector.

The Chair of DKEVR stated that price hikes will be introduced only after reforms have proved to be unsuccessful.

According to Todorova, the prices have been decreased several times, which happened despite the fact that expenses could not be limited.

In her words, no political influence for the maintenance of the price has been applied to her, but DKEVR has experienced such practices before.

Todorova assured that the electricity distribution companies (EDCs) are observing the correct periods for measurement of electricity readings.

Prime Minister Boyko Borisov ordered last week a check to be made on EDCs, as it had been reported that the companies take readings for periods longer than 30 days.

Borisov is extremely cautious when it comes to the increase of electricity prices, as it was the high electricity bills that caused the resignation of his first cabinet in February last year.

According to Todorova, the audits of the EDCs show that the companies have not made any serious breaches, most of them being of administrative character.

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Tags: Bulgaria, energy, electricity, price, increase, hike, DKEVR, Svetla Todorova, EDCs, Boyko Borisov
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