Bulgaria’s Govt Opposes Power Price Hike as of July 1 – Deputy PM
Bulgaria’s government opposes the planned increase in power rates as of July 1, according to Deputy Prime Minister Tomislav Donchev.
Speaking after a Sunday meeting at the Council of Ministers, Donchev made clear that all political parties had expressed their opposition to the measures proposed by the Commission for Energy and Water Regulation (KEVR).
Under the proposal of KEVR, industrial consumers face a power price hike of 13-20% as of July 1.
He noted that Sunday’s meeting had been organized to discuss opportunities for alleviating the difficult situation in the energy sector.
Donchev, as cited by the Focus news agency, said that the measures had been discussed by ministers, KEVR representatives, and members of “all political parties, except for one.”
He underscored that Bulgaria’s energy sector was plagued by a deficit amounting to around BGN 4 B, which had been accumulated over the past 5 years.
Donchev admitted that a number of other EU Member States were facing similar energy sector deficit rates.
He declared that the set of measures proposed by KEVR had been met with a range of responses, adding that the “Preparation and Market Liberalization” section of the report was “indisputable.”
Donchev opposed allegations that Bulgarian politicians were seeking easy options to protect their interests in the energy sector and in renewable energy production in particular.
Meanwhile, Energy Minister Temenuzhka Petkova said that all participants in Sunday’s meeting had agreed on the need to implement measures to support the energy sector.
She underscored that KEVR had been authorized to implement such measures, adding that the government had amended the Energy Act to make the energy watchdog an independent entity.
Petkova, as cited by the Focus news agency, said that the participants in the meeting had decided to give priority treatment to the goal of reducing the expenses of state-owned energy companies.
She informed that the expenses of state-owned energy firms would drop by 10% on an annual basis over the next three years.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria has Paid almost 400 Million Euros for the Import of Azeri Gas
- » Bulgaria approved a Derogation for the Purchase of Parts and Materials for the Kozloduy NPP from Russia
- » Bulgaria has Managed to Reduce Gas Demand by a record 24%
- » "Bulgargaz" offers Cheaper Gas for April and May
- » The State Oil Company of Azerbaijan will Open an Office in Bulgaria in May
- » Bulgaria’s Energy Minister: I changed the Management of Kozloduy NPP because of Potential Connections with Russia