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CMS Wins Regulatory Case for CEZ Electro Bulgaria

CMS Wins Regulatory Case for CEZ Electro Bulgaria

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CMS Sofia has successfully represented CEZ in an administrative procedure against a regulatory decision from the Energy and Water Regulatory Commission on set prices for electricity sales in Bulgaria.

On July 1, 2017, Bulgaria's Energy and Water Regulatory Commission (EWRC) set the prices at which CEZ sells electricity in Bulgaria. 

According to CMS, the first instant court partially repealed the decision of the EWRC  in regard to the determined price for the “supply of electricity from the end supplier.” The court upheld that the amount approved by the EWRC for the component for the activity was not grounded and would not recover CEZ's operative expenses. Hence, the component as one of the price elements was found to be unlawfully determined by the regulator. The EWRC appealed the decision. 

Recently, the Supreme Administrative Court issued a final decision upholding the decision of the first instance court. EWRC should now comply with the decision of the court and the instructions contained therein.

The CMS team included Partner Kostadin Sirleshtov and Senior Associate Maria Lazarova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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