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Bulgarian Energy Regulator Endorses Proposed 9.97% Cut in Gas Price for Q3 2016
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KEVR Chairman Ivan Ivanov. Photo by BGNES
Bulgaria’s energy regulator KEVR has endorsed a proposal by gas utility Bulgargaz to cut gas price for end suppliers by 9.97% for the third quarter.
The new price would be BGN 281.08 (EUR 143.71) per 1,000 cubic meters, free of VAT and excise, KEVR said in a statement on Tuesday.
The cut in the price is equivalent to BGN 31.13 per 1,000 cubic meters.
End suppliers will sell gas to end consumers connected to the low-pressure network of transmission operator Bulgartransgaz for BGN 288.80 per 1,000 cubic meters, free of VAT and excise, in the third quarter.
Bulgargaz had proposed to cut gas price by 9.97% for the third quarter of 2016 citing an expecred drop in the price of gas supplies. Natural gas price in Bulgaria has been cut by 48% since the start of the 2016.
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