March 28 (SeeNews) - Bulgaria's energy regulator said on Thursday that it has approved an 0.83% increase in the regulated wholesale gas price for the second quarter of 2019, roughly in line with the proposal of state-owned gas supplier Bulgargaz.
The new price will be 45.17 levs ($25.9/23.1 euro) per MWh, free of VAT and excise, the Energy and Water Regulatory Commission 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 has the final say on proposed changes in the wholesale price, at which the company sells natural gas to end-suppliers and customers directly connected to its transmission network.
Bulgaria imports almost all the natural gas it needs from Russia through a pipeline crossing the territories of Ukraine, Moldova and Romania.
(1 euro = 1.95583 levs)
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