Bulgaria's State Commission for Energy

Svetla Todorova, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has suggested that a 10% power price hike as of October 1 is the socially tolerable limit.

Power prices will go up by up to 10% as of October 1, according to a media statement of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).

Svetla Todorova, who was appointed DKEVR Chair on September 1, explained Wednesday that there would be no increase in heating rates despite the gas price hike request submitted by state-owned gas supplier Bulgargaz.

A power price hike as of October 1 is unavoidable, according to Elenko Bozhkov, member of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).

The inevitability of an increase in electricity prices was echoed by caretaker Finance Minister Rumen Porozhanov, who suggested that the deficit incurred as a result of the inconsistent policy of DKEVR had to be compensated.

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) will present Thursday current data on the financial deficit in the energy system.

Boyan Boev, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has informed about an upcoming revision of the license terms of power distributors.

The Bulgarian - German Chamber of Commerce and Industry has drawn up a list of recommendations to the government for coping with the problems in the energy sector.

The Chamber proposes a set of measures aimed at stabilizing the energy sector and preventing energy shortages from increasing.

The European Commission has expressed concern over the ongoing License suspension procedure for three power distributors in Bulgaria, hinting at possible penalty measures.

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) has approved the proposal of Bulgargaz to reduce the price of natural gas by 2.73% as of April 1, 2014.

The price of natural gas in the second quarter of 2014 will be BGN 612.80 per 1000 cubic meters, VAT excluded, excise duty excluded.

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.

A total of 4.56% price reduction of natural gas is expected as of April 1, Bulgaria's State Commission for Energy and Water Regulation chair Boyan Boev announced.

It is not yet clear how the cuts will affect the consumer prices of heating and hot water.