You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bulgargaz proposes 32% hike in wholesale gas price for Nov

Bulgargaz proposes 32% hike in wholesale gas price for Nov Photo: Bulgartransgaz / All rights reserved.

SOFIA (Bulgaria), October 14 (SeeNews) - Public natural gas supplier Bulgargaz proposed to Bulgaria's energy regulator to approve a 32% increase in the wholesale gas price to 124.76 levs ($74.1/63.8 euro) per MWh, to be valid for the month of November, the regulator said.

The price applicable in October is 94.54 levs per MWh.

Earlier this week, Bulgargaz said it was planning to propose to the Energy and Water Regulatory Commission a wholesale gas price of 106.96 levs per MWh, to be valid in December.

Bulgarian energy regulations require Bulgargaz to set the gas price monthly. The Energy and Water Regulatory Commission 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.

(1 euro = 1.95583 levs)

Compare