site.btaRegulator Approves 8% Higher Natgas Price for June M/M

The Energy and Water Regulatory Commission (EWRC) approved the price of natural gas for June at BGN 59.55 per MWh, exclusive of access, transmission, excise duty, and VAT costs. This is the price at which state-owned distributor Bulgargaz will sell natural gas to end-suppliers of gas and to heating companies, the regulator said on Saturday. The Commission approved the price after an analysis of data submitted by Bulgargaz.

The price is about 8% higher than the approved price of natural gas in May, which was BGN 54.70 per MWh.

The role of gas supplies under Bulgaria’s contract with Azerbaijan is growing, EWRC said in a press release. They cover nearly 81% of monthly consumption. The remaining 19% has been secured under a contract with a gas trader after a tender procedure, the Commission added.