Electricity pricing

At an extraordinary sitting of the National Council for Tripartite Cooperation employers and syndicates voiced their concern with the situation on the electricity market and the substantial increase in the price of electricity for industrial consumers, reported the Bulgarian National Radio. 

Professionals and low-to-medium-voltage industries are the first categories of electricity consumers to be hit with power rate hikes due to the increase in carbon emission rights prices.

Turkey's energy regulator will raise electricity prices by 14 percent for industrial use and 9 percent for residential use from Sept. 1, according to figures published in the government's Official Gazette overnight.

Public Power Corporation (PPC), Greece's main electricity supplier, is set to encounter strong opposition over its plan to slash jobs and raise electricity prices, industry insiders have said.

Natural gas prices will increase from July 1 with 10.8%, energy regulator KEVR reported, quoted by bTV.

Preliminary estimates show that this will lead to an average of 7% more expensive central heating and hot water from next month.

Because of the rise in natural gas prices, it is not excluded that the price of electricity may increase by more than initially projected 2%.

The average spot electricity price on the OPCOM energy exchange hit on Monday 245 lei per MWh, twice as high as the 112 lei per MWh recorded two weeks ago, the exchange operator announced on its website.

At peak demand between 9:00 and 22:00 hrs, electricity due for delivery on Monday May 21 is priced at an average of 277 lei per MWh, with a high of 343 lei at 21:00 hrs.

The electricity company EVN submitted its proposal for the price of the electricity supplied by it to the Energy and Water Regulatory Commission, the company announced. It refers to the price period from July 1, 2018 to June 2019.

The Energy and Water Regulatory Commission (KEVR) will not allow a sharp increase in electricity prices. This was stated by the commission at an extraordinary briefing.

The three electricity distribution companies in Bulgaria - CEZ, EVN and North Electricity, announced that they want new electricity prices.

Household electricity may rise between 15% and 30% in the summer. This was forecasted by employers' organizations.

According to them, if the price of electricity on the free market continues to rise, it will also affect household prices.

''The country's electricity system is stable, Bulgarian citizens have no reason to worry. Because of the way in which Bulgarian energy is developing, I think there are no grounds for raising the price of electricity.''

This became clear from the words of the Energy Minister Temenuzhka Petkova in an interview with BNT.