NEK Seeks 150%-plus Hike in Power Supply Price

NEK Seeks 150%-plus Hike in Power Supply Price

Bulgaria's National Electricity Company, NEK, has requested an increase of over 150% for the price of electricity supply as of July 1, the Bulgarian News Agency, BTA, reported.

The state-owned electricity company seeks an increase to 3.31 levs/MWh from the current 1.32 levs/MWh pre-VAT, BTA reported.

The price of electricity which NEK, in its capacity as public supplier, charges end-consumers and the power distribution companies depends on the availability of electricity from producers on the regulated market and the regulator-approved prices they ask.

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