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National Electrical Company CEO Petar Iliev resigns

Petar Iliev
Photo: BGNES

The CEO of the National Electrical Company Petar Iliev has handed in his resignation. He is also chairman of the board of the Bulgarian Energy Holding from which is he is not resigning.

Petar Iliev states he is resigning for personal reasons. The resignation comes after protests by employer organizations against the work of the Energy Exchange-Central Market for Bilateral Agreements, who are not happy that instead of the futures transactions leading to a regulation of the free market and a drop in prices, the auctions are rigged and lead to a rise in the cost of electricity for industry.



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