The Bulgarian State has ceded Wednesday
from an earlier decision to immediately strip the local unit of power
distributor CEZ of license.
Instead, the State Commission for
Energy and Water Regulation (DKEVR) issued a deadline of April 16 for CEZ to
eliminate all established violations. On this date, DKEVR will hold a
new sitting to examine again the issue with the revocation oflicense.
No further details are available at the
moment, but one day earlierPrime MinisterBoyko Borisovsuggested at
a press conference that thelicenseof the Czech energy company would
be revoked by the end of the day.
The latest news, however, came in the
aftermath of Borisov's sudden decision to resign from the post.
After he announced his surprising plan, it
also emerged thatDKEVRis backpedaling on intentions to lower
electric power prices.
Its management has explained that they
have not yet received a request for changing the quotas of the National
Electric Company, NEK, and of the Energy System Operator, ESO, and no decision could
be made without them by the regulator.
At the same press conference, Borisov
pledged the prices of electric power will go down by 8% by March 1.
The DKEVR lawyers have failed to
explain Wednesday if the above was legally possible and if there will be any
reduction of prices of electricity at all.
Yuliana Ivanova, who resigned as DKEVR Chair
but will keep the post until a replacement is appointed, has stated for the
offnews site that she had not spoken to Borisov, meaning she has learned from
the media about his idea to reduce prices by 8%.
It was reported meanwhile that investors
are selling in mass shares on the Bulgarian Stock Exchange and stocks of
leading companies are crashing.