Heating Utilities Want 15-20% Price Hike of Heating Energy

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Heating Utilities Want 15-20% Price Hike of Heating Energy

Heating utilities want a 15 to 20 per cent hike of heating energy prices, State Energy and Water Regulatory Commission (SEWRC) Chairman Konstantin Shoushoulov told reporters Thursday.

The demand is motivated by the increase of the price of natural gas as of July 1 and the growing coal prices, BTA reported.

Shoushoulov said also that all of the electricity distribution operators have submitted applications for adjusting electricity prices. The National Electricity Company has asked for a 20 per cent increase of its charges while the electricity distribution companies have demanded a hike of between 9 and 12 per cent of the electricity prices for consumers at the current price schedules of the National Electricity Company.

Taking a reporter's question about the hike of water prices in Sofia , Shoushoulov said that the European Bank for Reconstruction and Development will extend a 60 million U.S. dollar loan to Bulgaria for water supply which was a necessary condition for increasing the price of water from 0.80 leva to 1.02 leva per cubic metre.

A meeting will be held on May 21 between the management of the Sofia Water utility and the respective ministries to discuss the matter. If all conditions laid down by SEWRC are met, the new prices will become effective on June 1 or July 1 at the latest, Shoushoulov said.

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