CEZ Bulgaria

Karel Kral is the new CEO of power distributor CEZ Bulgaria EAD.

As of October 1, 2015, Kral takes over for Petr Dokladal, who headed the company over the past 5 years, according to a media statement of the power distributor.

Dokladal becomes Regional Manager at CEZ Turkey.

Bulgaria's energy regulator announced on Friday that power prices for households will fall by 0.11% from 1 August.

Bulgaria's power prices for households are going to rise by 2% on average in the second half of the year under a decision approved by the country's energy regulator, KEVR, on Monday.

Bulgaria is determined to rescue the Varna thermal power plant, according to Anton Pavlov, Deputy Minister of Economy.

Pavlov participated Friday in a conference titled "GREAT Energy Summit" in Prague organized by the British Embassy Prague and the British Embassy Sofia.

About 300 employees of power distributor CEZ and the Varna Thermal Power Station (TPS) are to march in Bulgaria's capital Sofia on Thursday.

They are demanding that the state intervene to prevent a closedown of the power plant from January 1, 2015 and layoffs at CEZ Bulgaria, the Bulgarian branch of Czech-based electricity distributor CEZ.

Dwindling resources to support the electricity supply network could quite possibly result in power cuts, EDCs operating in Bulgaria maintain.

EVN, CEZ and Energo-PRO, the three electricity distribution companies, believe the nearly 10-percent hike in electricity bills announced Wednesday was insufficient to make for the losses of grid operators, daily Standart reports.

Bulgaria's energy watchdog DKEVR approved the new, higher prices of electricity, effective as of October 1.

The rise is within the forecast - an average of 9.79%, reports the BTA wire service.

Bulgaria's energy watchdog (DKEVR) will decide on the new, higher, electricity prices on Wednesday, reports the Bulgarian National Radio.

DKEVR was supposed to make its final decision on the expected price hike on Tuesday, but its meeting was delayed by protests of various organisations and parties and started on Tuesday afternoon.

The Bulgarian Energy Holding (BEH) and power distributor CEZ have signed a memorandum of cooperation on searching technical and economic solutions to extend the life of the Varna Thermal Power Plant.

A working group has been formed for the purpose and it is to function by October 31.

Power distributor CEZ Bulgaria EAD has reported a negative financial result of nearly BGN 11.6 M in the first half of 2014.

CEZ Electro Bulgaria AD reported a loss of nearly BGN 6.6 M, while CEZ Distribution AD registered a loss of around BGN 5 M in H1, 2014, according to a media statement of the company.