Regulator Postpones Decision on Revokal of Power Distributors' Licences

Regulator Postpones Decision on Revokal of Power Distributors' Licences

The energy regulator said it postponed until May 25 taking a decision on whether to revoke the licences of the three energy distributors in the country.
The state-run power-utility NEK has submitted with the regulator new data on the matter, with which the local power distribution units of CEZ, EVN and Energo Pro should be familiarised, the regulator said.
Last month the State Energy and Water Regulatory Commission (SEWRC) said it was notified by NEK that the outstanding payments of the three power distributors exceed 347.6 million levs ($244 million/178 million euro) in total, and that it would launch a procedure to revoke their licences. The power distributors have said they owe the debt-ridden NEK nothing, claiming that it had failed to pay them the money the were due in compensation for being obliged to buy electricity generated by wind and solar power installations.

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