Bulgaria Energy Watchdog Cut Electricity Price Paid by Business (ROUNDUP)

Bulgaria Energy Watchdog Cut Electricity Price Paid by Business (ROUNDUP)

Bulgaria’s Energy and Water Regulatory Commission (EWRC) officially set the new electricity prices that came into force as of November 1, 2015.
The new tariffs were presented at a briefing at commission’s head office on Sunday.
The electricity price paid by industrial consumers was decreased a little bit, while the one paid by household consumers remained unchanged.
The planned price cut is explained with the lower natural gas price, which is nearly 1/3 cheaper since the start of the year.
The “obligation to society” fee paid by the business, on the other hand, which led to the price decrease for the business was cut from 37.90 levs to 36.83 levs per MWh.
“This is some 2.8% decrease in the price,” Ivan Ivanov, Chairperson of the Energy and Water Regulatory Commission (EWRC), announced.
At a closed sitting the commission decided to cut the “obligation to society” fee with 1.07 levs.
The price decrease is explained with the lower natural gas price, which got 14.26% cheaper in the last quarter of 2015.

FOCUS News Agency

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