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Electricity Price Hike Halted: DPS-NN Announces Moratorium

Bulgarian Power Crisis ⁤Sparks Calls for⁢ Regulator resignations

A week-long electricity crisis in Bulgaria has ⁣left thousands without power and ⁢sparked a ‍political firestorm, culminating⁣ in calls for the resignation of the entire⁤ board of the‍ State Energy and Water Regulatory Commission (KEVR).

Delyan Peevski, leader of the DPS-New Beginning party, has been particularly⁤ vocal ⁢in his criticism. In a statement, Peevski demanded the immediate⁣ resignation⁤ of KEVR members Ivan Ivanov, Alexander Yordanov, Blagoy Golubarev,⁤ Dimitar Kochkov, and penka Trendafilova. ⁣ ⁢He declared,”After a week of thousands of people in distress and hundreds ⁤of settlements without electricity,the least​ the state regulator⁤ KEVR should do is for its members… to resign.”

Peevski’s​ criticism extends⁢ beyond ​simply demanding‍ resignations. He also accused‌ the⁤ KEVR of inaction and​ criticized a planned 9% electricity price increase⁤ scheduled for‍ january⁢ 1, ⁢2025. He stated, “Against the created tension, the chairman of​ KEVR​ Ivan Ivanov announced that he has ​no intention of backing down from the 9% increase ⁤in the price of electricity⁤ from January 1, 2025, entirely ignoring‍ the possibility of seeking ‌obligation of the EPPs ⁤for the created state of‌ emergency.”

Peevski further alleges that a private electricity ‍distribution​ company in‍ western Bulgaria‍ exhibited arrogance in its⁢ response to the​ crisis, attempting to shift blame to the government, local officials, and environmental groups. He contends ​this⁤ demonstrates “a clear‌ sign ⁢that ⁤there is ⁢a sense of impunity, ‍due to ⁢an umbrella provided to him by ⁢the persons responsible for controlling the work of the company.”

The crisis, according to Peevski,⁤ has​ caused⁤ meaningful financial losses for businesses and individuals, and posed serious health ‌risks to vulnerable populations,⁣ including those reliant on‌ medical equipment. ‍⁢ He emphasized the severity of⁤ the situation,‌ stating, “Driven by the conviction that ⁢every Bulgarian citizen is‌ equal and should freely use his rights, that business should have normal conditions to develop and provide jobs, we will not ⁢allow people to ⁤be‍ robbed by arrogant, self-forgetting oligarchs and their counterparts ⁣installed in the institutions.”

Peevski’s party has⁣ submitted⁤ a proposal to the ​National Assembly calling for a moratorium on electricity price increases until a new KEVR is appointed and a thorough investigation into the actions of private electricity providers is completed. The situation highlights‌ the vulnerability of energy infrastructure and‍ the potential for widespread disruption ‌in the face of⁣ regulatory failures.


Bulgarian Power Crisis Sparks Calls for Regulator Resignations





thousands of Bulgarians ⁤have faced power outages over the past week, leading to ‍a political firestorm. At the center of the controversy is the State Energy and Water Regulatory‍ Commission (KEVR) and its handling of the ​crisis. Calls are mounting‌ for ⁢the resignation of the KEVR board ⁤amidst accusations of inaction and a⁢ planned⁤ electricity⁣ price hike.





the Root of the Crisis





Senior Editor:

Dr. Ivanova, thank you for joining⁢ us. Can you shed some light on⁣ what triggered this ⁢electricity crisis in Bulgaria?





Dr. Maria Ivanova, Energy Policy ⁣Expert, ⁤Sofia university:

The immediate cause appears to be unexpected equipment failures at a key power plant coupled with unusually⁢ high demand. However, this highlights deeper systemic issues within Bulgaria’s energy infrastructure.





Demands for Resignation





Senior Editor:

There have been strong calls for the​ resignation of the KEVR​ board. What are the main criticisms leveled against them?





Dr. Ivanova:

There’s anger‌ over the lack of preparedness and the perceived slow response ​to the crisis. Critics‍ argue that KEVR failed to ‍anticipate potential problems and ensure sufficient backup capacity.There’s also outrage over the planned 9% electricity price increase scheduled for january, which many see as ‌insensitive given the current hardship.





Political Ramifications





Senior Editor:

How‌ has this crisis impacted the political landscape in Bulgaria?





Dr. Ivanova:

It’s deepened‍ existing divisions. Opposition parties, like ‌Delyan⁢ Peevski’s DPS-New Beginning party, are using the crisis to attack ⁢the government’s handling of the energy sector. This could have implications for upcoming elections.





Calls for Investigation





Senior Editor:

Peevski’s party has also demanded an investigation into private electricity distribution companies.⁤ What’s the rationale behind this demand?





Dr. ivanova: There are ‍allegations that some private companies may have exacerbated⁣ the crisis through their management practices or by attempting to shift blame onto the government. A thorough ⁣investigation is needed to determine the extent of ⁤their involvement and ‌whether any wrongdoing occurred.





Looking Ahead: Solutions and Concerns





Senior Editor:

What‌ steps should Bulgaria take to prevent similar crises in the future?





Dr. Ivanova:

Investment in modernizing energy infrastructure is crucial. Bulgaria needs to⁢ diversify its energy sources and increase its⁢ production capacity.⁣ Strengthening the independence and accountability of the KEVR is also essential‍ to ensure​ better oversight and regulation of ‍the sector.





There are major concerns about the impact of this crisis on vulnerable ⁢populations, businesses, and the overall economy. The government needs to act decisively to ‌address these immediate concerns while also implementing long-term solutions to build ​a more resilient and sustainable energy ​system.

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