Bulgaria’s energy distribution companies slam regulator move on electricity prices

Bulgaria’s three electricity distribution companies have sharply criticised the regulator’s decision to cut prices, saying that it lacked a rational basis, result in serious losses for the companies and would ultimately mean there would be an imperative to raise prices for consumers.

On December 30, the State Energy and Water Regulatory Commission (SEWRC) is expected to confirm its plan to reduce electricity prices for Bulgarian households by one per cent starting January 14, at the same time cutting the night-time rate by 10 per cent and electricity prices for industrial consumers by 1.5 per cent.

Electricity prices have been a hot issue in Bulgaria in 2013, being used by campaigners against the centre-right government in the early part of the year to mobilise protests. Since then, there has been politically-driven tinkering with the system to try to meet consumer expectations of lower prices to stave off mass discontent.

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(Photo: greenhitma/sxc.hu)