Electricity price in Bulgaria may drop as of March 1.

By bne IntelliNews February 28, 2013
The electricity price cut that was promised by already ex-PM Boyko Borissov just one day before he resigned, may actually come into effect as of the beginning of March after the government adopted on Wednesday, Feb 27, a law that allows reviewing the price more than once per year. Thus, after the electricity price was raised by 13% in 2012, it is now promised to decrease by around 8%, in a bid to temper social discontent and mass protests in the country against high electricity bills. The state energy commission has not decided yet how it will make possible the price decrease but the options are two - changing the price formation mechanism by taking the expensive coal-fired energy out of the mix and replacing it with cheap electricity produced by NPP Kozloduy, or by reducing the recognised technical losses of distribution companies to 10% from 15% at present.
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