site.btaRegulator Sets October Natgas Price at BGN 61.01/mwh

The Energy and Water Regulatory Commission (EWRC) set the price of natural gas for October at BGN 61.01/MWh (EUR 31.19/MWh), excluding access, transmission, excise, and VAT costs. At this price, state-owned gas supplier Bulgargaz will provide natural gas to end suppliers and entities licensed to produce and transmit thermal energy, EWRC said here on Tuesday. 

The approved price is favorable for Bulgarian household and business consumers of natural gas, as it is lower than the monthly index on international gas exchanges. For instance, October futures on the leading TTF gas hub in the Netherlands are around EUR 32.5/MWh.

The regulator approved the price after analyzing updated data submitted by Bulgargaz. The pricing mix includes the full contracted volume of Azerbaijani natural gas delivered through the Bulgaria–Greece Gas Interconnector under a long-term agreement with Azerbaijan. These supplies cover a significant share of consumption and play an important role in achieving a competitive final price for natural gas. For October, Bulgargaz has also secured quantities of liquefied natural gas under contracts with traders, following a tender that required a minimum delivery price and specific payment terms.

With the secured volumes, the public supplier will meet its obligations for October, supplying end customers and district heating companies, as well as fulfilling bilateral contracts with industrial clients.