Bulgargaz proposes nearly 6% increase in natural gas price

 The state-owned company Bulgargaz has proposed a natural gas price of EUR 44.08 per megawatt-hour for October, excluding access and transmission fees, excise duty and VAT. The company has submitted its application to the Energy and Water Regulatory Commission (EWRC). The application has been published on the regulator’s website.

The proposed price is 5.96% higher than the EUR 41.60 per megawatt-hour price approved for September. Natural gas prices rose by 5.5% in September.

The proposed price includes the cost components for natural gas at the entry points of the gas transmission networks and for the “public supply” activity. It also includes a component covering Bulgargaz’s costs for storing gas quantities at the Chiren underground gas storage facility, in accordance with its obligations under the Emergency Action Plan.

The Energy and Water Regulatory Commission will review the application at a public meeting, while the final decision on the October gas price will be made at a closed session. 

Edited by Tsvetana Pironkova

Translated by Kostadin Atanasov