Bulgaria's State Commission for Energy and Water Regulation

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) is renamed to Commission for Energy and Water Regulation (KEVR) under amendments to the Energy Act that passed second reading in Parliament on Thursday.

Under the new provisions the members of KEVR are elected by Parliament, according to reports of Darik radio.

Svetla Todorova, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has assured that the Energy Ministry is doing its best to adopt short-term measures aimed at preventing an increase in power rates in April.

Todorova, as cited by the Bulgarian Telegraph Agency, informed Thursday that the measures were to be adopted by end-March.

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) proposes introducing a ceiling on prices paid to power generators.

According to DKEVR, the tariff should be capped at BGN 202 per MWh, which is the highest amount paid for the balancing of the energy system.

The proposal is part of a draft decision of DKEVR.

Bulgaria's State Commission for Energy and Water Regulation (DKEVR) does not plan to approve a new power price increase from January 1, 2015, according to DKEVR Chair Svetla Todorova.

Bulgaria's Energy Minister Temenuzhka Petkova has vowed a comprehensive audit of the sector to establish the financial gap and identify ways of overcoming it.

Svetla Todorova, Chair of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has suggested that power rates should not increase further as of January 1.

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Bulgaria's State Commission for Energy and Water Regulation (DKEVR) mulls introducing a new fee in the sector which will be applicable to all power generators, according to DKEVR Chair Svetla Todorova.

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Power distributor EVN has submitted a tariff update request with Bulgaria's State Commission for Energy and Water Regulation (DKEVR), seeking a 17.9% price increase as of October 1, 2014.

Bulgaria's Constitutional Court on Thursday revoked the 20% fee levied on the income of photovoltaic plants and wind farms that has spooked investors.

Bulgaria's Constitutional Court (KS) is expected to revoke the 20% fee on the revenues of photovoltaic plants and wind farms.

The fee was introduced by Parliament in the beginning of 2014.