Bulgaria's Energy Council to Vote on Cut in Prices

 Bulgaria’sPublic Energy Council will put to the vote on Monday a cut in electricity prices for households proposed by the energy regulator last week.

The reduction is between 4.13% and 4.5% for the day-time tariffs and 3.42% and 6.83% for the night-time rates, data published on the website of the State Energy and Water Regulatory Commission indicated.

The new tariff is due to become effective as of August 1.

Customers of Czech energy group CEZ Razpredelenie may see their bills decrease by 4.40% to 0.15073 levs ($0.101/0.077 euro) per kilowatt-hours (kWh) during the day and by 6.02% under night-time tariff. For Austrian utility EVN’s clients, the revised prices will result in 4.13% decrease in the day-time tariff, and 6.83% cut in the night-time. For customers of Czech utility Energo-pro the cut will stand at 4.5% during the daytime, and at 3.42% between 2200 and 0600 local time.

The Bulgarian parliament adopted at the end of June amendments to the energy bill, aiming to improve the efficiency and transparency in the regulatory framework in relation to energy prices and costs of energy companies. The changes included removing surcharges for green and brown energy in order to facilitate electricity exports.