Energy Regulator Mulls 10% Increase in Electricity Bills as of July 1

Energy Regulator Mulls 10% Increase in Electricity Bills as of July 1

Bulgaria's Energy and Water Regulatory Commission is considering an increase in electricity prices by 10% and a decrease in heating energy by the same margin as of July 1.

The commission will discuss the proposed change on June 1, the state-run Bulgarian News Agency reported on Tuesday.

If it is approved, the daily tariff for electricity distributed by EVN will rise by 9.54% and the night tariff will be hiked 10.59%. For electricity distributed by E.ON the increase will be 9.9% for the daily rate and 10.58% for the night rate. The increase for the clients of electricity distributor CEZ will be 9.94% for the daily rate and 10.36% for the night rate.

The regulator attributed the price increase to the large number of green energy capacities that have been connected to the power grid lately.

The regulator proposes to decrease heating energy prices by an average 10%, but the decrease will vary widely in the different cities. The largest reduction is planned for Plovdiv where the prices will drop by 29.6%. Prices for heating energy in the Black Sea port cities of Burgas and Varna will fall by 20.3% and 19.8%, respectively. In Sofia, however, the heating prices will go up slightly, by 0.5%.

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