National Electric Company

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has assured that a possible suspension of the licenses of local power distributors will not affect consumers.

DKEVR member Elenko Bozhkov explained Sunday that there were no reasons to worry about price hikes or power supply disruptions as a result of such a move.

Former Bulgarian Energy Minister Rumen Ovcharov has suggested that electricity prices can remain unchanged by the European Parliament elections in May.

The Confederation of Employers and Industrialists in Bulgaria (CEIBG) has demanded representation in the energy watchdog.

Bulgaria's energy watchdog DKEVR has launched a procedure to suspend the license of power distributors in the country.

The State Commission for Water and Energy Regulation (what the abbreviation "DKEVR" stands for) is to terminate permits of EVN Bulgaria, CEZ Electro Bulgaria and Energo-PRO, officials have announced, citing "threats to energy security" as a reason.

Prices of electricity might go up if power distributors can prove their expenses have increased.

A sealed bid tender will be held Wednesday in Bulgaria's northwestern city of Vratsa for the assets of the bankrupt fertilizer plant Chimco AD, also known as Himko AD.

The fertilizer plant has been evaluated at BGN 28 552 458, VAT excluded.

Bulgaria's State Commission for Energy and Water Regulation is to decide Wednesday on a procedure for the termination of the licenses of the three power distributors.

The State Commission for Energy and Water Regulation (DKEVR) fined the power distributors EVN and Energo-Pro BGN 1 M each, said the commission's head Boyan Boev. 

The penalties are the highest possible. By the end of the week the third power distributor in Bulgaria, CEZ, will also be fined with the same sum. 

The Bulgarian Photovoltaic Association (BPVA) has proposed the establishment of an energy board for the financial stabilization and restructuring of the energy sector.

Meglena Rusenova, BPVA Chair, explained Monday that the proposal had been triggered by the processes taking place in the energy sector over the past few days.

Bulgarian Energy Minister Dragomir Stoynev has warned power distributors that they may face nationalization unless they pay debts to the National Electric Company (NEK).

Speaking Monday in Plovdiv, Stoynev noted that CEZ, EVN and Energo-Pro, the three power distributors operating in the country, had to pay their debts of over BGN 318 M to the financially troubled NEK.