Bulgarian energy regulator fines Energo Pro

28-01-2014

The Bulgarian energy regulator has fined Czech energy distributor Energo-Pro 3.7 million crowns for allegedlz abusing its dominant position on the market. The company has not yet commented on the development. Energo-Pro received two fines on the same grounds last year. The Czech firms CEZ and Energo-Pro as well as Austria's EVN, which distribute electricity in Bulgaria, came under severe scrutiny last year following mass protests over high electricity bills. The Bulgarian energy watchdog launched an audit into pricing but failed to find grounds on which to revoke the company’s licenses.