SOFIA (Bulgaria), March 6 (SeeNews) - Bulgaria's energy regulator rejected a proposal by the country's three main power distributors for a 10% hike in electricity prices as of July, local daily Dnevnik reported on Friday.
“This will not happen, especially in a crisis situation. There may not be a hike at all, but if there is, it will be smaller,” Dnevnik (www.dnevnik.bg) quoted the head of State Energy and Water Regulatory Commission (SEWRC), Konstantin Shushulov, as saying.
Bulgaria's three power distributors, in each of which the state holds some 33% and the majority stake is held by Czech CEZ, Germany’s E.ON and Austria’s EVN, respectively, said earlier they want 10% hike in electricity prices as the global crisis would make it impossible fo them to implement their planned investment projects.
Shushulov also said that as of July the heating energy prices will fall by 38% to 50 levs ($32/25.6 euro) per megawatt hour (MWh), compared to 81 levs per MWh at present.
Prices of natural gas will also fall as of July, by 41% to 360 levs per 1,000 cubic metres from the current 614 levs, he added.
In February Energy Minister Petar Dimitrov said that Bulgargaz would seek an estimated 11.56% cut to $338 (269.4 euro) per 1,000 cu m in gas prices for domestic consumers as of April, due to falling petroleum prices. He also said that Russia’s gas giant Gazprom could reduce gas prices for Bulgaria to $250 per 1,000 cubic metres as of July.
(1 euro = 1.95583 Bulgarian levs)
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