Ivan Ivanov
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.
The 2015 Battle for Sofia: Who Is Running for Mayor
Local elections are coming in just days, and Novinite is fully aware it did not provide the campaign coverage a news outlet covering a particular country usually does whatever vote is forthcoming.
No Price Caps Discussed for Power from AES, ContourGlobal Plants in Bulgaria, Regulator Says
Bulgaria's energy regulator KEVR said on Wednesday that it hasn't discussed capping prices of electricity purchased by state-owned National Electricity Company NEK from two local thermal power plants owned by U.S. investors.
"We fully comply with the provisions laid down in the Energy Act," KEVR Chairman Ivan Ivanov told reporters, according to investor.bg.
Bulgaria's Energy Exchange to Start Functioning in December at Earliest
The participants in a discussion on Bulgaria's energy exchange agreed that legal amendments were to pave the way for a change of the model so that the full liberalization of the market was achieved by the beginning of 2016.
Bulgarian Employers' Organisations Postpone Protest Against Electricity Prices
The Bulgarian employers' organisations are postponing the protest scheduled to take place on September 30 against the increase of the electricity prices.
In a statement issued on Thursday, the employers' organisations are postponing the protest due to the renewed dialogue with the government and parliament, daily Dnevnik informs.
Price of Natural Gas in Bulgaria to Drop by 14.26% as of October
Bulgaria's energy watchdog has proposed a 14.26% reduction in the price of natural gas to a rate of BGN 484.26 per 1000 cubic meters, VAT excluded, excise duty excluded, as of October.
Bulgaria Businesses to Hold Nationwide Protest over Power Prices
Bulgarian employers' organizations are calling in a new protest to vent their anger at a hike in power prices for industrial consumers.
They will also insist on the resignation of Ivan Ivanov, the head of Bulgaria's energy regulator.
Price of Natural Gas in Bulgaria May Drop by over 13.6% as of October
The price of natural gas may drop by more than 13.6% as of October, according to Ivan Ivanov, Chair of the Commission for Energy and Water Regulation (KEVR).
Ivanov declared Thursday that a price drop exceeding the preliminary estimate of state-owned gas company Bulgariaz of 13.6% would mean that gas rates would have dropped by over 30% in a year.
Watchdog OKs Agreement between Bulgaria's National Power Co, ContourGlobal Maritsa East 3 TPP
Bulgaria's Commission for Energy and Water Regulation (KEVR) has approved the power purchase agreement between US-owned thermal power plant ContourGlobal Maritsa East 3 TPP and the National Electric Company (NEK).
Bulgarian Energy Watchdog Head: Employers' Associations Cater to Corporate Interests
Ivan Ivanov, Chair of Bulgaria's Commission for Energy and Water Regulation (KEVR), has attributed calls for his resignation by employers' associations to attempts to protect corporate interests.
Employers' associations demanded the resignation of Ivanov after he announced KEVR's decision to introduce a significant power price hike for industrial consumers as of August 1.