Bulgaria: Natural Gas Price Set for Sharp Jump of 20%

Business | June 1, 2021, Tuesday // 23:54
Bulgaria: Bulgaria: Natural Gas Price Set for Sharp Jump of 20%

Bulgaria's Energy and Water Regulatory Commission (EWRC) has endorsed a price of 45.27 leva/MWh for natural gas, effective June 1, 2021, the regulator said in a press release on Monday.

The new price, which excludes the charges for access, transmission, excise duty and VAT, is 20 per cent higher than its May 1 level (37.71 per cent) and 122 per cent up from June 1, 2020.

The Energy and Water Regulatory Commission specified that the new higher gas price will not result in increase in prices of heating and electricity in June.

The press release lists three reasons for the natural gas price rise:

  • the ongoing increase of prices on international gas markets;

  • the fact that Bulgargaz has had to purchase the amounts of gas it needs at spot prices from other suppliers because the TurkStream gas pipeline is being repaired in the territory of Turkey in June;

  •  the smaller amounts of gas from Azerbaijan entering Bulgaria than those capable of being transmitted through the Interconnector Greece-Bulgaria (IGB) between Komotini and Stara Zagora, whose commissioning has been postponed for the middle of next year. 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: gas
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria