Energy Regulator Proposes 3.89% Cut in Q2 NatGas Prices

Energy Regulator Proposes 3.89% Cut in Q2 NatGas Prices

Bulgaria's energy regulator proposed a 3.89% quarterly reduction in the prices for domestic natural gas consumers in the second quarter of the year.

The regulator proposed on Wednesday a decrease in the tariff to 630.94 levs ($417.6/322.6 euro) per 1,000 cubic metres, value added tax excluded. The price adjustment will be discussed at a public hearing scheduled for March 22.

The regulator's proposal will lead to lower central heating prices, with the biggest decrease, by 6.54%, expected in the Black Sea city of Burgas. In Sofia, heating prices will decline by 3.83%.

Earlier this month, Bulgaria's gas monopoly Bulgargaz said it will seek a 3.2% cut in natural gas prices to 635.35 levs per 1,000 cubic metres, excluding value added tax, as a result of the lower currency rate of the Bulgarian lev against the US dollar.

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