The Supreme Administrative Prosecuting Magistracy Contests the Decision of the Energy and Water Regulatory Commission to Raise the Price of Water in SofiaDomestic | April 11, 2017, Tuesday // 14:39| views
The Supreme Administrative Prosecuting Magistracy has contested the decision of the Energy and Water Regulatory Commission (EWRC) to raise the price of water in Sofia by 18% from the beginning of April, arguing that it is not in conformity with the law and demanding its annulment.
According to the regulator, EWRC regulates the prices by means of a rate of return, determining a target rate of return taking into account the specific conditions in each water and sewerage utility, the social affordability of the price of water-supply and sewerage services, the requirements in respect of future capital outlays and the indicators for financial stability.
Instead of determining a rate of return by itself, EWRC directly adopts the figure of a 17% of return of the own capital of Sofiyska Voda AD, indicated in the concession agreement for water-supply and sewerage services between the Sofia Municipality and the Sofiyska Voda utility.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!