Audit of Bulgaria’s Monopoly Bulgargaz Delays Gas Price Hike
Bulgaria’s Deputy PM and Finance Minister Simeon Djankov has issued an order for the audit of the state natural gas monopoly Bulgargaz.
Djankov has ordered the Agency for State Financial Supervision to audit Bulgargaz during next week, the press office of the Council of Ministers announced.
The news was broken during Friday’s meeting of the National Council for Tripartite Cooperation of the government, the business sector, and the trade unions called to discuss the Cabinet’s proposals for anti-crisis measures.
The news about the audit of Bulgargaz comes amidst a heated debate about the natural gas prices in Bulgaria. Angel Semerdzhiev, head of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) has argued that the natural gas prices will have to go up by 15% starting April 1, 2010.
He has been severely criticized for that by the trade unions which insist strongly on a freeze of gas, heating, water, and electricity prices as an anti-crisis measure until the end of 2010.
The government has been considering different measures in order to delay the increase of natural gas prices, including by channeling state funds to Bulgargaz through the Bulgarian Energy Holding.
The government, the business sector, and the trade unions have reached an agreement that the natural gas prices should not be increased until the audit of the state-owned monopoly is completed.
On Thursday, Bulgargaz insisted that the natural gas prices should be increased by 24% starting April 1, 2010. The Bulgargaz CEO, Dimitar Gogov, declared that if the price is increased only by 15% in April, this will mean that there will be additional hikes in the third and the fourth quarter of 2010.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » "Bulgargaz" offers Higher than announced Price of Natural Gas for December
- » The EC is holding Talks with Bulgaria due to Fears that there may be Exports from "Lukoil"
- » Bulgaria: Increase in the Price of Gas by nearly 19% for December due to Expensive Gas stored in Chiren
- » For the first time since January: Brent Crude Oil fell below $82 per Barrel
- » Bulgarian Minister: It makes no sense to Close our Coal Plants right now
- » The Fuel Discount in Bulgaria: When will it be over?