Bulgaria Regulator Proposes Power Price Cut for Industrial Consumers

Bulgaria's energy regulator has proposed to cut the 'duty to society' fee levied on power prices for industrial consumers which was increased in August.

The Commission for Energy and Water Regulation, or KEVR, is proposing to cut the fee by BGN 1.07 to BGN 36.83 per megawatthour, VAT excluded, as of November 1, the head of the regulator Ivan Ivanov told reporters on Thursday.

A cut in the fee has become possible due to a 30% drop in the price of natural gas since the beginning of the year, Ivanov explained.

Power prices for industrial consumers buying electricity on the regulated market will be lowered by about two percent, Ivanov added, according to BTA news agency.

The proposal will be put to public discussion before taking effect.

KEVR's decision to increase the "duty to socety" fee for industrial consumers has drawn protests from employers associations.