Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Bulgaria's State Commission for Energy and Water Regulation (DKEVR) is convening behind closed doors Monday to make a final decision on natural gas and heating prices.
The new prices will be effective for 3 months, beginning on January 1, 2011.
It is expected DKEVR will approve a price reduction of about 5.2% for natural gas.
The Commission's Head, Angel Semerdzhiev, announced, during an open meeting on December 22, there is a strong possibility heating prices would also go down starting January 1.
The average price reduction of heating and hot water for Bulgaria is expected to be 5% and even larger in the biggest cities.
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