Dnevnik reported that power distributor EVN Bulgaria, the local unit of Austria's EVN servicing the southeastern parts of the country, is seeking a 19.48% increase in low voltage electricity transmission prices to BGL 0.047 per kWh as of July 1st 2011.

EVN has estimated that the potential hike will translate into a 5% increase in the final electricity price for households, provided that the other prices on the chain stay intact.

The power supplier has also calculated that if the other entities engaged in the power transmission process, including peers CEZ and E.ON, state run power utility NEK and its electricity system operator ESO, households' monthly electricity bills will grow by BGL 2.36 on average to BGL 41.13.

NEK has already said it would seek an increase of about five per cent in electricity prices, while CEZ and E.ON are expected to have submitted their proposals on Sunday. EVN grounded its decision with the need to raise revenues in order to secure funds for the upgrade of its power transmission network.

The country's energy regulator will announce the revised electricity prices at the end of June 2011.

(Sourced from www.dnevnik.bg)