site.btaBulgargaz Proposes 6.5% Increase in Natural Gas Price in December

The final proposed price of natural gas for December is 87.50 BGN/MWh (excluding excise duty and VAT), at which public gas supplier Bulgargaz will sell to the final suppliers and to persons who have been issued a license for production and transmission of heat, the company announced on Friday. They point out that the increase is about 6.5% compared to the approved price for November and is lower than previously forecasted.

Earlier, during the open meeting of the Energy and Water Regulatory Commission (EWRC), Veselin Sinabov, commercial director at Bulgargaz, said that as of November 29, the calculated price of natural gas for December would be 7.5% higher than the current price for November.

In the application submitted by Bulgargaz to the EWRC on November 14, it was stated that the price of gas for December, excluding the prices for access, transmission, excise duty and VAT, should be 88.61 BGN/MWh, or an increase of 7.9%.

The EWRC approved a natural gas price for November of 82.12 BGN/MWh.