Surplus of electricity is biggest problem of energy sector in Bulgaria, official says

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Bulgaria’s caretaker Prime Minister Marin Raykov said Wednesday, that the biggest problem in the country’s energy sector was the surplus production of electricity. Raykov told Parliament in Sofia, that his Cabinet was on its way to tame the over-production, stressing that problems in the sector were created in the last twenty years. “We found a system with heavy disproportions and on the brink of collapsing over the surplus and the faulty methods to form prices”, Raykov said, quoted by local website Novinite. Raykov noted that the State Commission for Energy and Water Regulation (DKEVR), has adopted three decrees for introducing a third energy package under the caretaker term, adding 200 energy contracts have been declassified and made public during this term. Bulgaria has a caretaker government, since former prime minister Boyko Borisov’s government resigned after violent demonstrations against poverty and corruption in February.

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