Gas Natural Fenosa submitted the proposal to reduce the electric power tariffs from April 1 to the National Agency for Energy Regulation. The tariff for household users is suggested to be decreased by 5.5%, IPN reports.

In a press release, the company said the calculations were done based on the purchase price of electricity stipulated in the contracts for 2018, the current transportation costs and the basic costs associated with the distribution and supply of power, the volume of electrical energy distributed and supplied, the power losses in distribution networks in 2017 and the macroeconomic indicators specified in the forecast updated by the authorities.

The tariff for the supply of power to consumers connected to low voltage lines was proposed to be 187.99 bani/kWh, as opposed to 199 bani/kWh at present (-5.5%), for those connected to the medium voltage lines – 170.9 bani/kWh, as against 182 bani/kWh now (-6.1%), while for high voltage lines – 143.85 bani/kWh, in contrast to 153 bani/kWh now (-6%).

The power distribution tariff for the low voltage level is suggested at the level of 63.98 bani/kWh, as opposed to 60 bani/kWh at present (+6.6%), for the medium voltage level at 21.53 bani/kWh, in contrast to 43 bani/kWh now (-49.9%), while for the high voltage level at 12.56 bani/kWh, as against 15 bani/kWh now (-16.3%).