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Bulgarian energy regulator tests pricing formulas

Published at: Oct 18, 2011
source: http://energia-online.eu
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The State Energy and Water Regulatory Commission (SEWRC) will tighten the control on electricity distribution companies.

The regulator will be watching closely whether EDCs use pricing formulas in accordance with the legislation. The amendments will be introduced after last year’s audits in EVN, E.ON and CEZ. Audit reports revealed numerous violations, including infringements of the licensing agreements. The result was BGN 3 million fine for the three EDCs, which they appealed in court.

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