Commodities
Bulgaria Approves 5.5% Natural Gas Price Hike for September
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has approved a 5.5% increase in natural gas prices for September, setting the new price at EUR 41.60/MWh.
This price excludes access, transmission, excise duty, and VAT costs, which means that Bulgargaz will sell natural gas to end suppliers and entities licensed for heat production and transmission at this rate.
The approved price is lower than international prices due to the competitive cost of Azerbaijani gas supplied to Bulgaria. September contracts on European gas exchanges were trading around EUR 66.98-68.92/MWh.