Bulgaria's energy regulator approves 20.5% hike in Sept wholesale natgas price

Bulgaria's energy regulator approves 20.5% hike in Sept wholesale natgas price

Bulgaria's energy regulator said on Wednesday that it has approved an increase in the wholesale price of natural gas for September to 69.40 levs ($42.00/35.50 euro) per MWh.

The price applicable in August was 57.60 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, the Energy and Water Regulatory Commission (EWRC) said in a statement.

The approved hike reflects the continuing growth in prices on the international gas markets, the EWRC also said.

The increase in the wholesale gas price in September is higher than expected. Last month, public gas supplier Bulgargaz proposed to the energy regulator to approve a wholesale gas price of 67.33 levs per MWh, to be valid in September.

Bulgarian energy regulations require Bulgargaz to set the gas price monthly. The energy regulator has the final say on the proposed changes in the wholesale price, at which the state-owned company sells natural gas to end-suppliers and customers directly connected to its transmission network.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.