Chairman of the Bulgarian Commission for Energy and Water Regulation (KEVR), Ivan Ivanov said that the regulator has detected a serious incompliance with investment programs on the behalf of regional electricity distribution companies operated by local subsidiaries of Czech energy companies CEZ and Energo-Pro and Austrian EVN.
KEVR previously launched an investigation into the three companies’ compliance with their investment plans for 2015 and 2016. Ivanov said that these inspections have shown that some serious discrepancies in planned and realized investments, which gives the regulator ground to mirror this in electricity pricing decision that is due on 30 June.
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Tags: Bulgaria, CEZ, electricity, electricity distribution, electricity supply, Energo-Pro, EVN, investigation, investment, KEVR