February 11 (SeeNews) - Bulgarian public gas supplier Bulgargaz said on Tuesday that it is planning to propose a 2.52% decrease in the wholesale price of natural gas, to be valid in the second quarter of 2020.
According to the draft proposal, the price will fall by 1.11 levs ($0.62/0.57 euro) to 42.93 levs per MWh, excluding VAT and excise duty, Bulgargaz said in a statement.
Bulgarian energy regulations require Bulgargaz to set the gas price quarterly, taking into account global oil prices and the lev/dollar exchange rate.
The Energy and Water Regulatory Commission (EWRC) has the final say on the proposed changes in the wholesale price, at which the state-owned company sells natural gas to end-suppliers and customers directly connected to its transmission network.
Bulgaria currently imports almost all of the natural gas it needs from Russia via a pipeline crossing Ukraine, Moldova and Romania.
(1 euro = 1.95583 levs)
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