Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR) Ivan Ivanov said that the regulator will decide whether to revoke the license of electricity distributor and supplier CEZ Bulgaria or to terminate the procedure within the next month.
In April 2014, KEVR said that it will launch a procedure to revoke licenses of all three electricity distribution companies (EVN, CEZ and Energo-Pro) as their outstanding payment to NEK exceeded 178 million euros. However, electricity distributors claimed that they own NEK nothing, since NEK failed to provide compensation for electricity generated from renewable sources that distributors were obliged to purchase. Last year, NEK reached out-of-court settlement with CEZ and EVN who agreed to pay the costs for the purchase of renewable energy in the 2012-2013 period.
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Tags: Bulgaria, CEZ, electricity, electricity distribution, KEVR, regulation