Bulgarian Energy Regulator Approves 3.51% Hike in Q1 Wholesale Gas Price
Monday, 31 December 2018
Bulgaria's energy regulator said on Friday it has approved a 3.51% increase in the regulated wholesale gas price for the first quarter of 2019, in line with the proposal of state-owned gas supplier Bulgargaz. The new price will be 44.80 levs ($26.2/22.9 euro) per MWh, free of VAT and excise, the Energy and Water Regulatory Commission said in a statement. Bulgarian energy regulations require Bulgargaz to set the gas price quarterly, taking into account global oil prices and the lev/dollar exchange rate. The Energy and Water Regulatory Commission has the final say on proposed changes in the wholesale price, at which the company sells natural gas to end-suppliers and customers directly connected to its transmission network.