Building Tension Due to Surge in Electricity Prices on the Free Market

The speculative and unfounded rise in electric energy prices will lead to bankruptcies, permanent loss of jobs and freezing of income levels in a number of industries, the Confederation of Independent Trade Unions of Bulgaria (CITUB) and the Confederation of Labour Podkrepa said in a joint statement. Significant volumes were directed to particular traders under vague conditions, which give non-market competitive advantage over other market participants. The two union organisations believe that this speculative and unfounded increase in the price of electricity will lead to surge in the prices of food and non-food goods, and will then be transferred to the regulated prices, ultimately affecting household consumers.

Published in Public Services Knowledge Network, 24th January, 2018