Econ min to urge businesses to buy power on free market

Econ min to urge businesses to buy power on free market

Bulgaria's economy ministry is weighing up options to make more companies purchase power on the free market, a source at the ministry said on Tuesday as quoted by Dnevnik.

Under the country's energy low, households and companies with personnel of below 50 and an annual turnover of up to BGN 19.5 million purchase electricity at regulated prices, but the model is deemed ineffective, according to power distribution companies. One of the possible options considered by the ministry is the change of criteria and the introduction of requirements for a maximum 1 GWh of consumption per year and an installed capacity of 200 KW. If local businesses fail to meet the regulations, they would have to buy electricity at the free market, according to the 3Е website.

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