Reuters: Regulatory News: Bulgaria proposes 6pct power price cut after protests

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Bulgaria proposes 6pct power price cut after protests Mar 1st 2013, 14:15 SOFIA, March 1 | Fri Mar 1, 2013 9:15am EST SOFIA, March 1 (Reuters) - Bulgaria's energy regulator proposed an average 6.4 percent cut in household electricity prices on Friday, less than the eight-percent cut promised by Prime Minister Boiko Borisov who resigned last week after mass protests over high utility bills. The regulator proposed a 7.3 percent price cut for customers of Austria's EVN, a 6.7 percent cut for customers of Czech CEZ and 5.3 percent cut for those of Czech Energo-Pro. The regulator said it would consult with the public over the cuts and decide on the new tariffs on March 5.

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