Podcast in English
Bulgarian National Radio © 2022 All Rights Reserved

Energy and Water Regulatory Commission ready to introduce block rate tariffs for electricity, heating and water

Stanislav Todorov
Photo: BGNES-archive

The Energy and Water Regulatory Commission is ready to introduce block rate tariffs for electricity, heating and water. As a result, consumption below a certain threshold will be charged at a lower rate, whereas consumption above these thresholds will be charged at higher rates. Thus, we will be able to better address energy poverty. However, we need the approval of the country’s National Assembly to adopt such a measure, the Chairman of the energy watchdog Stanislav Todorov said for the BNR.

"There will be clarity about prices when another long-term contract for the supply of natural gas is signed. It is very expensive to buy on the month-ahead and day-ahead market", Stanislav Todorov said. Europe is experiencing the biggest energy crisis in 40 years. However, household consumers in Bulgaria pay the lowest prices, Stanislav Todorov went on to say.


Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

IMF is against introduction of different VAT levels in Bulgaria

The International Monetary Fund - IMF expects average inflation in Bulgaria in 2022 to reach 12.2%. This is what the opinion of the Executive Board of the fund is. It is based on data of the institution's mission to Sofia...

published on 6/26/22 11:03 AM

High energy prices expected to dominate market at least until 2023

Deputy Minister of Energy Iva Petrova forecasts that high energy prices would dominate the market at least until 2023. During the Sofia Economic Forum , she said that the government's efforts after the suspension of gas deliveries from..

published on 6/21/22 3:54 PM

Parliament approves budget update at first reading

The MPs approved, at first reading, the update of the state budget. As of 1 July a differentiated VAT rate is being put in place – for bread VAT will be zero, for natural gas supplies – 9% instead of the current 20%. VAT on wine and beer served at..

published on 6/17/22 9:58 AM