From Bulgaria Bookmark and Share

03.09.2013 14:31
Energy Regulator Could Delay License Revocation Procedure of CEZ in Bulgaria
Local authorities will have to give their input on whether electricity supply disruptions should be expected, if CEZ's electricity distribution license is revoked

  • ©

More than 6 months after the State Energy and Water Regulatory Commission (SEWRC) launched a procedure for revoking of CEZ’s operation license for Bulgaria over Energy Act and Public Procurement Act violations, it is yet unclear when a final decision will be pronounced. In a response to Sega Daily’s inquiry on the matter from the energy watchdog responded that there is no legal deadline determined in the Regulation on licensing activities in the energy sector.
The SEWRC is yet to gather all the information needed from municipal authorities and other institutions in Western Bulgaria where CEZ distributes and supplies electricity to end-consumers in order to assess the consequences on the region from a possible withdrawal of CEZ’s license. Local authorities will have to give their input on whether electricity supply disruptions should be expected. The regulator informed that the investigation will be completed once feedback and evidence is gathered.
Even though the investigation is still underway, actions towards stripping off CEZ of its license is very unlikely to be taken, as the company already complied with all the requirements of the regulator. The investigation against CEZ, Energo-Pro and EVN, which manage the electricity distribution and supply on regional principle, was launched on Jan 19 after protests over soaring utility bills swept the country. Then prime-minister Boiko Borisov orderd a crackdown on the offices of the three companies, the most severe discrepancies emerging with CEZ. The company extended the reading and billing period in December 2012 which resulted in considerably higher bills sent to customers. The company is also carrying out a plan for substituting old electric meters, during which it failed to deliver a standard protocol when replacing the old reading appliances, Sega Daily wrote.
The inspections of the Prosecutor-general’s office unveiled evidence of sever breaches of the Public Procurement Act. Financial investigators reported that CEZ contracted services and goods, such as, financial auditing, telecom services and plane tickets, worth BGN 350 million VAT not included (about EUR 150 million), bypassing the obligatory public procurement procedure.

TAGS: CEZ | Bulgaria | license | electricity | distribution | inspection | auditing | energy regulation | SEWRC 

All news from Bulgaria

No published comments
Login to comment


17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text


No records in this category!

Poll asks: What will you use to heat your homes this winter?


We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.


What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.