Electricity prices could be bound to go down, according to assumptions of Angel Semerdzhiev, Chair of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR).

Semerdzhiev made the statement just one day after his forecast that electricity prices will increase by 3-4% from July 1, 2013, due to the renewable energy surcharge.

“If there are favorable factors, these prices can decrease,” the DKEVR Head stated Wednesday during an emergency joint press conference with Economy and Energy Minister, Delyan Dobrev.