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
Heating prices in Bulgaria will go up on April 1 over the increase of fuel prices on global markets, the Head of the State Commission for Energy and Water Regulation, DKEVR, Angel Semerdzhiev, announced Tuesday.
Semerdzhiev stressed that these prices have reached their highest levels since 2008.
The watchdog is, however, firm that the recently halted export of electric power, over the polar cold that had gripped the country and increased consumption, would not have any direct effect on prices of electricity, but the complicated winter situation would have an indirect effect on bills after all.
The DKEVR Head further stressed that there are definitely no grounds for a 27% price hike of natural gas, as proposed by the State supplier Bulgargaz, adding the fact there is a watchdog is a guarantee that it would not happen all while the final proposal is not due until March.
According to Semerdzhiev, the reasons of Bulgargaz to increase prices, such as the need to purchase more volumes over reduced reserves cannot be a factor since there is winter in Bulgaria every year and the company had always found reserves.
He pointed out the in comparison with 2010, the 2011 financial state of Bulgargaz had improved and the trend is to persist.
The DKEVR Head explained that the increase will be within the normal as in previous years, but declined giving any concrete parameters.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022