BEH CEO: Gas Prices for End Consumers to Go down by 10%
The price of natural gas in Bulgaria will go down by over 20% after the latest contract with Russian energy giant Gazprom, says the CEO of the Bulgarian Energy Holding, BEH, Mihail Andonov.
Speaking Saturday for Darik Radio, Andonov noted the price reduction would be in the vicinity of 22% - 23% under the new contract, but this would not be the reduction for the end consumer.
"Bulgargaz sold gas at a price below the cost it was purchasing it for, but it is regulated by the State Commission for Energy and Water Regulation, DKEVR. I expect the price for end consumers to go down by 10%, which will also affect the prices of electricity and heating," said the BEH CEO.
Earlier Saturday, Bulgargaz Head, Dimitar Gogov, announced the reduction for end consumers will be about 6% - 7%, but Andonov noted Gogov was protecting the interests of his company and reiterated the country has an energy watchdog.
He was firm consumers must pay their bills regularly and on time, otherwise the achieved discount would "melt" in a year and a half.
- » Bulgaria Still Pinning Hopes on Gas Hub Project with Russia
- » Bulgaria 'Offers Azerbaijan Energy Cooperation Package'
- » Mining Industry Accounts for 5% of Bulgaria’s GDP – Energy Minister
- » Price of Natural Gas in Bulgaria May Drop by over 13.6% as of October
- » Watchdog OKs Agreement between Bulgaria’s National Power Co, ContourGlobal Maritsa East 3 TPP
- » Bulgarian Authorities Place Seals on 660 Tonnes of Fuel amid Filling Station Probes