From Bulgaria Bookmark and Share

18.04.2018 14:38
EWRC to come up with a final decision on CEZ Electro license in a month and a half
Ivan Ivanov confirmed the Regulatory Commission’s intention to ensure there wouldl be no significant increase in market prices

  • ©

The Energy and Water Regulatory Commission (EWRC) will decide whether to withdraw CEZ Electro’s license or to terminate the procedure in about a month and a half. That was the announcement made by Ivan Ivanov, the head of the State Energy and Water Regulatory Commission, at a recent press conference.

EWRC experts have already completed the investigation of the CEZ license withdrawal procedure which started in March, 2014. Following an order by Mr. Ivanov, on Monday there will be a newly-formed working group which will draw up the report. Mr. Ivanov pointed out that the order would ensure the period would not be over than a month. Afterwards, within two weeks’ time, the commissioners would be discussing the report. Then, EWRC would come up with a closed session decision. Mr. Ivanov refrained from commenting on any of the results from the investigation.

Mr. Ivanov also said that he had signed orders to form three working groups which were going to carry out an investigation of the year’s investment programs of the three power suppliers. EWRC made it clear that thanks to this information, together with the data from the last two years, it would have a better idea of how the 3-year regulatory period investment programs had been implemented.

The head of EWRC confirmed once again that the commission would not allow significant increase in power prices on the regulated market. He also pointed out that EWRC approved a 1.5% increase in the price for the price year. Mr. Ivanov outlined two reasons for his statement that no significant increase would be introduced. On one hand, that was EWRC’s conservative policy which aims at maintaining public interest. On the other hand, the amount of increase that the three companies declared was similar to the ones from the last couple of years. He said that the requested increase last year varied between 20-52%. Non-confidential versions of price declarations of all companies will be available on EWRC website on 17th, April.

Ivan Ivanov also commented on the fact that he provided Kornelia Ninova, BSP leader, with information for the prices requested by CEZ. He said that he had carried out his constitutional duty. He had provided information only about CEZ because Mrs. Ninova herself requested that particular kind of information. He also stated that if any other MP requested that kind of data, the commission would do the same.
Since EWRC personnel is being renewed, the head of the commission said he hoped the new members would be moral and independent experts.

TAGS: EWRC | power | price | CEZ 

All news from Bulgaria

No published comments
Login to comment


20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
Full text


No records in this category!


What kind of transport do you use to get to work?


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.