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Bulgarian energy regulator approves 1.81% cut in Q1 wholesale gas price

Author Mario Tanev
Bulgarian energy regulator approves 1.81% cut in Q1 wholesale gas price Denys Prykhodov/Shutterstock.com

SOFIA (Bulgaria), January 2 (SeeNews) - Bulgaria's energy regulator said that it has approved a 1.81% decrease in the regulated wholesale gas price for the first quarter of 2020, roughly in line with the proposal of state-owned gas supplier Bulgargaz.

The price for the first quarter will be 44.04 levs ($25.24/22.52 euro) per MWh, free of VAT and excise, the Energy and Water Regulatory Commission said in a statement on Wednesday.

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.

(1 euro = 1.95583 levs)

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