“Bulgargaz” Demanded a Shock Increase in Gas Prices by as much as 36%. EWRC approved
“Bulgargaz” asked the Energy and Water Regulatory Commission to increase the price of gas for October by a shocking 36.2% compared to the previous month.
The household electricity price in Bulgaria will rise by nearly 1 per cent, effective April 1, 2017. The increase, varying by electricity distribution company, was discussed by the Energy and Water Regulatory Commission (EWRC) meeting behind closed doors on Thursday, according to BNR.
For the customers of CEZ Bulgaria, the day rate will be 0.96% higher, or 0.17384 leva/kWh, and the night rate 0.99% higher, or 0.10021 leva/kWh.
Business customers will also pay a higher price for electricity, due to a nearly 3.5 % increase in the public obligation component, from 35.77 leva/MWh to 37.02 leva/MWh.
The extraordinary rise of electricity prices was necessitated by a 29% appreciation of natural gas as from April 1 which, in turn, affects the price of cogenerated electricity.
The EWRC will meet behind closed doors on March 31 to adopt a decision on an increase of the price of natural gas. Several days later, the regulatory commission will also consider the proposals for more expensive heat power.
EWRC Chairman Ivan Ivanov said that the hike of the natural gas price cannot be avoided and postponed until May, when Bulgaria should present a position on the changes in the contracts with Gazprom proposed by the European Commission.
Ivanov also said that water in Sofia will appreciate by 18% as from April 1.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022