Renewable Energy Prices in Bulgaria to Drop from July

Energy | May 15, 2012, Tuesday // 14:15|  views

DKEVR Chair Angel Semerdzhiev expects a reduction in preferential prices for purchasing energy from renewable sources. Photo by BGNES

The preferential prices for purchasing energy from renewable sources will be reduced from July 1, 2012, according to Angel Semerdzhiev, Chair of the State Commission for Energy and Eater Regulation (DKEVR).

"Analysis is now underway, but energy prices will definitely drop, especially prices of energy generated by photovoltaic plants, because capital expenditures are also decreasing," the DKEVR Chair explained Tuesday, without citing concrete figures.

He refused to comment on prices of natural gas in Q3, 2012, adding that the proposal of state-owned gas supplier Bulgargaz was yet to be received.

Bulgargaz published Monday its Q3 2012 gas price forecast, noting that the US dollar exchange rate was supposed to be the only influence.

Bulgargaz argued that the 11% discount negotiated with Russian Gazprom had already been calculated into the tariff which entered into force on April 1, stressing that the company's request for a gas price increase of 26% had been downsized to 13% at that point.

The state-owned gas supplier is to submit its Q3 2012 gas price request with DKEVR in one month.

Semerdzhiev further defined the appointment of DKEVR member Evgenia Haritonova as Deputy Energy Minister as a sign of recognition of the watchdog's expertise.

He added that the energy watchdog was now looking to fill out its staff after Haritonova's departure.

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Tags: DKEVR, State Commission for Energy and Water Regulation, Angel Semerdzhiev, renewable energy sources, electricity prices, photovoltaic

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