World Bulletin / News Desk

Bulgaria's energy regulator proposed an average 6.4 percent cut in household electricity prices on Friday, less than the eight-percent cut promised by Prime Minister Boiko Borisov who resigned last week after mass protests over high utility bills.

The regulator proposed a 7.3 percent price cut for customers of Austria's EVN, a 6.7 percent cut for customers of Czech CEZ and 5.3 percent cut for those of Czech Energo-Pro.

The regulator said it would consult with the public over the cuts and decide on the new tariffs on March 5.