Energy Regulator: No New Electricity Price Increase Is Envisaged For Now

Energy Regulator: No New Electricity Price Increase Is Envisaged For Now

State Energy and Water Regulatory Commission (SEWRC) chair Svetla Todorova told journalists on Wednesday that the October increase of electricity price was themaximum that the regulator should do for now. Todorova was approached how the regulator plans to offset the deficit in the sector.
Todorova said that other institutions may take steps to seek new mechanisms for alleviating prices, among them legislative changes concerning RES facilities. "Now we can only observe the existing legislation, according to which all RES energy should be purchased," said Todorova. Another option is to launch 
negotiations between the National Electric Company (NEK) and two US-owned thermal power plants Maritsa East 1 and Maritsa East 3 to renegotiate long-term purchase agreements.
 
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