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Bulgarian state energy regulator chair Angel Semerdzhiev at Tuesday's sitting of the commission. Photo by BGNES.
Тhe Bulgarian State Commission for Energy Regulation's chair Angel Semerdzhiev announced Tuesday that no violations are present in the way prices for natural gas are formed in the country.
The commission launched an investigation on gas price-formation at the request of Bulgarian PM Boyko Borisov, after Russian deputy-PM Viktor Zubkov expressed last week dismay at gas prices in Bulgaria during an important visit to Sofia.
Thursday Semerdzhiev is going to present the full report to PM Borisov.
Later last week energy minister Traicho Traikov requested a full regulatory audit of gas distribution companies, and the commission has already started steps on the procedure.
Semerdzhiev said gas distribution companies are sometimes selling gas even below the price they are officially allowed by the regulator.
According to Semerdzhiev a big problem for gas distribution in Bulgaria is the fact that companies maintain and pay fees for an extensive distribution network, but service comparatively few consumers.
Semerdzhiev pointed out a couple of option for cutting down gas prices, including changing the way depreciation discounts are calculated, optimizing consumer groups, and reviewing the rates of return.
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Energy and Water Regulatory Commission (EWRC) has set the price of natural gas for March 2026 at 32.60 euros per megawatt-hour, excluding access, transmission, excise, and VAT charges
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price for November at 65.82 BGN per megawatt-hour (MWh)
Bulgaria has commenced a new round of drilling in the Black Sea aimed at extracting natural gas
Ukraine’s state energy company Naftogaz has finalized its first deal with Azerbaijan’s SOCAR to import natural gas through the Trans-Balkan pipeline
Bulgargaz has proposed a significant reduction in natural gas prices for April
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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