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Bulgaria utilities regulator hikes heating, gas and power prices
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Bulgaria: Natural Gas Price Set for Sharp Jump of 20% - Novinite com
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Bulgaria: Natural Gas Price Set for Sharp Jump of 20%
02 Jun 2021, 20:11 GMT+10
Bulgaria s Energy and Water Regulatory Commission (EWRC) has endorsed a price of 45.27 leva/MWh for natural gas, effective June 1, 2021, the regulator said in a press release on Monday.
The new price, which excludes the charges for access, transmission, excise duty and VAT, is 20 per cent higher than its May 1 level (37.71 per cent) and 122 per cent up from June 1, 2020.
The Energy and Water Regulatory Commission specified that the new higher gas price will not result in increase in prices of heating and electricity in June.
The press release lists three reasons for the natural gas price rise:
Bulgaria s energy regulator approves hike in May wholesale natgas price Photo: Bulgartransgaz / All rights reserved.
SOFIA (Bulgaria), May 5 (SeeNews) - Bulgaria s Energy and Water Regulatory Commission (EWRC) said that it has approved an increase in the wholesale price of natural gas for the month of May, to 37.71 levs ($23.13/19.28 euro) per MWh.
The price applicable in April was 33.19 levs per MWh.
In its decision, the regulator took into account information about the market indices of the European gas hubs and the average euro/dollar exchange rate of the European Central Bank, it said in a statement last week.
The price approved for the month of May is in line with the proposal of state-owned gas supplier Bulgargaz.
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