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 energy watchdog (DKEVR) will discuss and set price changes for natural gas, electricity and central heating and hot water, to come into effect on July 1.
It is expected that the price of natural gas will be decreased by 2.47% to BGN 597.69 without excise duty and VAT for 1000 cubic meters.
DKEVR is planning an average of 10% hike of the price for central heating and hot water, as, according to its plans, the thermal power plants must decrease the price of electricity they generate.
Representatives of the thermal power plants, which provide central heating objected to the price hike of the service and claimed this would lead to a mass customer exodus and some of the companies might go bankrupt.
At the same time the price of electricity is expected to decrease by around 1%.
DKEVR, however, warned that the electricity prices might start growing in October, because of the deficit of the National Electricity Company (NEK).
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
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
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU