Power Distributors in Bulgaria Seek Hike in Tariff from July 1

Power Distributors in Bulgaria Seek Hike in Tariff from July 1
SeeNews
Παρ, 4 Απριλίου 2014 - 12:53
The three power distributors operating in Bulgaria have requested from the country's energy regulator to approve an increase in electricity prices as of July 1, local media reported.
The three power distributors operating in Bulgaria have requested from the country's energy regulator to approve an increase in electricity prices as of July 1, local media reported.

The local power distribution unit of Austria's EVN seeks an increase in the daytime electricity tariff by 8.0% while the units of Czech companies CEZ and Energo-Pro applied for an increase of 13% -14%, the Bulgarian News Agency, BTA, reported on Wednesday, quoting the energy regulator's head Boyan Boev.

The three companies also requested an increase in the night-time tariff to double the daytime rates, Boev said.

CEZ’s current daytime electricity tariff is set at 0.14949 levs ($0.1053/0.0764 euro) per kilowatt-hours (kWh) while the customers of EVN Bulgaria and Energo-Pro pay daytime price of 0.15327 levs 0.15958 levs per kWh, respectively.

Nigh-time rates per kWh are set at 0.08508 levs for CEZ, 0.08676 levs for EVN Bulgaria and 0.08862 levs for Energo-Pro.

The State Energy and Water Regulatory Commission (SEWRC) has to come up with a decision on the power distributors' proposed tariff by June.

In March SEWRC said it had been notified by state-owned power utility NEK that the outstanding payments of the local power distribution units of the three companies to NEK exceed 347.6 million levs 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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