Raising the price of electricity will be one of the new government’s measures, said Prime Minister Simeon Saxe-Coburg in his address on August 19.
Until now, industrial consumers have covered a significant share of the cost of electricity used by households. The gradual elimination of this non-market anomaly is the reason why the prices of electricity for household users will rise by 10 per cent as of October 1, said the new chairman of the State Agency for Energy and Energy Resources, Milko Kovachev.
Kovachev expects new price increases in the sector, which will cover the cost of energy produced according to market requirements and the forthcoming deregulation of the power generation sector.
“It is a great honour for me to head a sector that is so important and constantly the focus of public attention,” said Kovachev at his first press conference on Sunday. “I hope that our work will be oriented in such a way that everyone will see it as a branch that takes care of its clients rather than constantly coming up with unpleasant surprises. We do not want our prices to mislead customers as this might cause them to opt for other energy sources, which could ultimately prove to be a bad choice.”
According to the economic results for the first six months of 2001, Bulgarian power generation is in good health. The export of electric energy to neighbouring countries has risen considerably, compared to last year, and is expected to reach seven billion kilowatt hours by the end of the year. The biggest exports are to Turkey, which imported 4.2 billion kilowatt hours, compared to three billion for the first six months of last year. Bulgaria also exports electricity to Serbia, Macedonia, Albania and Greece.
Until now, industrial consumers have covered a significant share of the cost of electricity used by households. The gradual elimination of this non-market anomaly is the reason why the prices of electricity for household users will rise by 10 per cent as of October 1, said the new chairman of the State Agency for Energy and Energy Resources, Milko Kovachev.
Kovachev expects new price increases in the sector, which will cover the cost of energy produced according to market requirements and the forthcoming deregulation of the power generation sector.
“It is a great honour for me to head a sector that is so important and constantly the focus of public attention,” said Kovachev at his first press conference on Sunday. “I hope that our work will be oriented in such a way that everyone will see it as a branch that takes care of its clients rather than constantly coming up with unpleasant surprises. We do not want our prices to mislead customers as this might cause them to opt for other energy sources, which could ultimately prove to be a bad choice.”
According to the economic results for the first six months of 2001, Bulgarian power generation is in good health. The export of electric energy to neighbouring countries has risen considerably, compared to last year, and is expected to reach seven billion kilowatt hours by the end of the year. The biggest exports are to Turkey, which imported 4.2 billion kilowatt hours, compared to three billion for the first six months of last year. Bulgaria also exports electricity to Serbia, Macedonia, Albania and Greece.
