site.btaNatural Gas Price to Drop by About 20% in April - Regulator Forecast

Natural Gas Price to Drop by About 20% in April - Regulator Forecast

Sofia, January 27 (BTA) - The price of natural gas is expected to drop by about 20 per cent from the beginning of April, the Chairman of the Energy and Water Regulatory Commission (EWRC), Ivan Ivanov, told journalists Wednesday. The possible decline of the price will result from the consistent downward trend of crude oil prices on the international markets, which is a price-forming element for natural gas in Bulgaria, he added.
   
Taking questions, Ivanov confirmed that the cheaper natural gas prices in the second quarter of the year will also reflect on the price of heating. According to unofficial forecast calculations, heating prices may drop by about 10 per cent.
   
In case heating prices drop, they will influence the price of central heating in the next heating season. Such a decision of EWRC will immediately reflect on the price of hot water.