site.btaBulgargaz EAD Proposes2.83 Per Cent Hike of Natural Gas Price,Effective January 1, 2018

Sofia, December 8 (BTA) - State-owned supplier Bulgargaz EAD has approached the Energy and Water Regulatory Commission with a proposal to endorse a price of 352.93 leva/1,000 cu m of natural gas or 33.52 leva/MWh exclusive of VAT, excise duty and network access and transmission charges for the first quarter of 2018, the company said on Friday.

Compared to the present level of 343.36 leva/1,000 cu m or 32.27 leva/MWh, the proposed price is increased by 2.83 per cent (or 9.71 leva/1,000 cu m) or by 3.91 per cent (or 1.26 leva/MWh).

The separate tariffs for quantity and energy are required by the European Commission.

The EWRC will set the price of natural gas following a public consultation before the end of December 2017.