Power Rates Discount for Large Industrial Consumers to Cost 90 Million Levs – Energy Minister

Power Rates Discount for Large Industrial Consumers to Cost 90 Million Levs – Energy Minister

A planned discount on electricity prices for large industrial consumers will cost a total of 90 million levs, according to Bulgaria’s Energy Minister Temenuzhka Pavlova.
According to a draft ordinance published by the Energy Ministry on Tuesday, companies consuming over 30 GWh a year will benefit from a 85% discount on the renewable energy component of the “obligation to society” fee on the energy consumed above that threshold, according to reports of investor.bg.
The ordinance was supposed to be ready at the beginning of 2015.
Bulgaria’s Energy Ministry sped up work on it due to the tensions created by the proposal of the Commission for Energy and Water Regulation (KEVR) for the new power rates as of July 1.
Petkova made clear at a briefing on Wednesday that the discount would be available to around 30 large industrial enterprises.
She pointed out that the ordinance matched the guidelines of the European Commission on state aid, adding that the EC had to be notified before it could take effect.
The EC guidelines list the sectors entitled to this type of aid aimed at backing large energy-intensive industrial enterprises.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.