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According to CMS, the first instant court partially repealed the decision of the EWRC in regard to the determined price for the “supply of electricity from the end supplier.”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.