Bulgarians Might Evade Steep Hike of Natural Gas

Business » ENERGY | August 30, 2011, Tuesday // 13:55| Views: | Comments: 0
Bulgaria: Bulgarians Might Evade Steep Hike of Natural Gas The Bulgargaz logo on one of the company's buildings. Photo by BGNES

The price of natural gas in Bulgaria might grow by less than 20% starting October 1, according to national energy regulator head Angel Semerdzhiev.

Semerdzhiev said Tuesday that the State Commission for Energy and Water Regulation is considering two scenarios, of a price raise with some 10% and 20%, respectively.

The latter option was the one requested by Bulgaria's state gas company Bulgargaz, who claim they are selling gas to Bulgarians at excessively low prices and are tabling severe losses.

The state regulator head commented that the Commission is looking at a more optimistic scenario in which it will allow Bulgargaz to raise the price by not more than 10%.

He said that the agency might succeed in achieving that, given the opportunity to delay some regulatory costs for Bulgargaz, and given expected lower prices of alternative energy sources for September.

Any price change above 5% is set to however lead to a raised price of heating for households.

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Tags: Angel Semerdzhiev, gas, natural gas, Bulgargaz, heating
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