News

Electricity, heating power price hike inevitable as of July

Published

May 5, 2015

Comments

comments icon

0

Share

Published:

May 5, 2015

Comments:

comments icon

0

Share

Bulgarian Energy Forum chairman Ivan Hinovski told radio Focus that the rise of electric power and heating prices of July 1 is inevitable, Energy World magazine’s portal reported. He added that the hike is reasonable as there are accumulated disproportions in the price of various products in the energy sector. “Heating power subsidizing is crosswise through the electricity price, which these thermal power plants generate, and it is natural process to put in place each of these products – i. e. heating power to get its real price for production, and electricity to restore its levels,” the expert said.

Deputy prime minister Tomislav Donchev, on the other hand, said earlier there is no reason for an increase in electricity prices or heating rates, Novinite agency reported. In an interview for the Bulgarian National Radio, he explained that his prediction was based on the condition of the system and the price of energy carriers.

Donchev said that the Commission for Energy and Water Regulation (KEVR), an independent entity, would determine whether the demands for price hikes were reasonable. KEVR had published requests of energy companies for double-digit increases in prices of electricity, heating, and hot water in the new regulatory period starting in July, according to reports of Investor.bg. KEVR chairman Ivan Ivanov, however, suggested that electricity prices would not increase from July 1 and that the body is to rule on the demands within two months.

Related Articles

energy poverty north macedonia subsidies air conditioners

North Macedonia tackles energy poverty with free inverter air conditioners

27 August 2025 - North Macedonia's energy poverty package includes free inverter ACs and financial aid to help cover electricity bills.

Smart meters, wildfires and new demand raise Greek power distribution plan to 4.8 billion

Smart meters, wildfires, rising demand push Greek distribution grid investment plan to EUR 4.8 billion

27 August 2025 - Greece has been experiencing extreme weather events, such as wildfires and floods, which have threatened its power distribution grid.

bulgaria insa oil insa spirit bioethanol

Insa Oil building Bulgaria’s first bioethanol plant

27 August 2025 - The biorefinery will produce ethyl alcohol, part of which will be converted into bioethanol for the Bulgarian energy market.

croatia fzoeu solar power plants households incentives subsidies

Croatia pauses applications for residential solar subsidies

27 August 2025 - In just over two months, around 4,100 project applications have been received and are currently being processed.