Bulgaria’s Energy Watchdog Pledges No Power Price Hike as of January
Friday, 28 November 2014
Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) does not plan to approve a new power price increase from January 1, 2015, according to DKEVR Chair Svetla Todorova.
Todorova told the Bulgarian National Radio Thursday that the major players in the sector had not sought a power price hike but the measure had been requested by combined-cycle power plants and heating utilities.
She was adamant that DKEVR had no reason to approve an upward price revision at the moment.
Todorova also commented on the proposed amendments to the Energy Act, including a new name, structure, and procedure for the election of a DKEVR Chair.
She estimated the legal changes as a positive step, adding that they were not enough to guarantee an independent watchdog.