Send to Kindle
DVEKR head Semerdzhiev (left) says natural gas prices will go up by less than 7% as of July 1. Photo by BGNES
Bulgaria’s state monopoly Bulgargaz has declared that natural gas prices in the country should be increased by 6.91% as of July 1, 2011, reaching BGN 568.92 for 1000 cubic meters without VAT.
The new Bulgargaz proposal is 0.2% lower than its initial forecast issued May 12, 2011.
The proposed natural gas prices are subject to the approval of the State Commission for Energy and Water Regulation (DKEVR).
DKEVR Chair Angel Semerdzhiev declared Friday that the approve hike of natural gas prices will most likely be below 7%.
He stated that the state regulator will take its final decision by taking into account two major factors – the international prices of oil and oil products, and the fluctuations in the exchange rate of the US dollars.
He did say, however, that if the natural gas prices go up by 7% in July, this will lead to 3-4% hike in heating prices in various Bulgarian cities.
DVEKR officials also said that the night electricity tariff will most likely go up slightly as of July 1.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
The Energy and Water Regulatory Commission (EWRC) has approved a substantial 8.4% reduction in the price of natural gas for February
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
