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Bulgarian Energy Watchdog Proposes 4% Gas Price Increase

1 min read Source: Novinite

From our news archive: this article was published in June 2011. Figures and rules may have changed since.

The price of natural gas in Bulgaria should go up by slightly over 4%, announced Tuesday Angel Semerdzhiev, head of the State Commission for Energy and Water Regulation (DKEVR).

In a media statement, the head of the energy watchdog rejected the proposal of state-owned Bulgargaz for a gas price increase of over 7% from July 01.

On June 10, Bulgargaz EAD suggested a Q3 gas price of BGN 568.92 per 1000 cu m, VAT excluded, or up by6.91% from the Q2 price approved by DKEVR.

According to Semerdzhiev, the updated gas tariff, which will be proposed by a working group of DKEVR, will cause heating rates to go up by about 2-3%. The gas price hike will have a different impact on the different municipalities, with the cost of central heating expected to stay the same in the Black Sea city of Burgas and Pleven in northern Bulgaria.

Originally published by Novinite.

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