Bulgaria: KEVR’s 2017 decision on increasing electricity and heating prices was illegal, SEE Energy News
The 2017 decision of the Commission for Energy and Water Regulation (KEVR) to increase the price of electricity and heating by 25 % is illegal, according to the Supreme Administrative Court.
The reasoning of the court states that they were set by KEVR on 7 April 2017 illegally, as the regulator had not previously determined the price of the main raw material of the TPPs – natural gas. During this period, the price of natural gas jumped on world markets over 40 %, and KEVR decided to increase heating by 25 %.
Following the court’s decision, KEVR said that it has received the decision and will take some time to get acquainted with the reasons for the ruling.