Bulgarian Minister of Energy Temenuzhka Petkova said that legislative changes, while will enable the Commission for Energy and Water Regulation (KEVR) to supervise the free electricity market in Bulgaria, are currently in preparation.
Minister Petkova explained that liberalized market has prices which are set by supply and demand, adding that for years industrial consumers paid much lower prices than those paid by household consumers, and that the state will no longer be able to regulate electricity prices for industry and businesses. According to experts, electricity prices for industrial consumers should go up by 30 to 60 % in February, due to liberalized market.
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Tags: Bulgaria, electricity, electricity market, electricity price, KEVR, liberalization, regulation