Electricity prices in Bulgaria will be reduced by less than 8.0%, the head of the
energy regulator, Yuliana Ivanova, told reporters.The exact date from
which the price cut will become effective has not been determined yet,
daily Dnevnik reported.
Parliament adopted on Wednesday
amendments to the Energy Act providing for a regular review of
electricity prices, which cleared the way to a proposed cut in the
tariff, as so far electricity prices in the country have been updated
once a year.The amendments allow the regulator to adjust electricity prices by revising the bill components.
A few days before resigning last week
prime minister Boiko Borisov proposed to the energy regulator a series
of measures which, he said, would lead to an 8.0% drop in electricity
prices as of March 1. These include reducing the energy distribution
companies' regulator-approved costs and increasing the share of cheap
electricity generated by the country's Kozloduy nuclear power plant in
the energy mix, on the basis of which the bills of end-consumers are
calculated.
(HBCB)