Financial and business news from Bulgaria

Bulgargaz: Blue fuel price drop continues

Bulgargaz has proposed to the Water and Energy Regulatory Commission (KEWR/ to establish a price of natural gas for June 2020 in the amount of BGN 21.97. /MWh for final suppliers or for a person to whom a licence for the production and transfer of heat energy has been issued, BGNES.
Compared to the approved price for May 2020 (excluding prices for access, transmission, excise duty and VAT), the proposed by Bulgargaz EAD for approval by EWRC for June 2020 is lower by 1.70% or by 0.38 BGN. /MWh.

The estimated price of natural gas for July 2020 is 20.42 BGN. /mWh.

Compared to the price proposed for approval by EWRC for June 2020, the forecast price for July is lower by BGN 1.55. /MWh or 7.06%.

“The estimated price of natural gas takes into account the impact of pricing factors as of 8 May 2020 and is indefinitive”, Bulgargaz noted and indicated that they will submit their final proposal to the EWRC on 11 June.

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