Electricity Prices May Drop Further, Econ Min Says

Electricity Prices May Drop Further, Econ Min Says

Economy and energy minister Dragomir Stoynev said conditions exist for a further drop in electricity prices, the Bulgarian News Agency, BTA, reported.
Stoynev described as speculations experts’ recent statements about a possible hike in the power tariff, adding, "On the contrary, there are conditions for it to drop even more, because we are making tremendous efforts to stop all theft in the energy system," the news agency said. 
As of August 1 Bulgaria cut electricity prices for households, as the tariff for customers of the three power distributing companies operating in the country varies. Customers of Czech energy group CEZ Razpredelenie buy electricity at 0.15085 levs per kilowatt-hours (kWh) during the day and 0.09458 levs under night-time tariff, Austrian utility EVN’s clients pay 0.15469 levs/kWh during the day and 0.09643 levs/kWh during the night, and customers of Czech utility Energo-pro buy electricity for 0.16102 levs/kWh during the daytime and 0.09853 levs/kWh between 2200 and 0600 local time.
If the system is balanced and no more facilities generating power from renewable energy sources are connected to the grid, the price of electricity will drop even further, Stoynev added.
 
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