Financial and business news from Bulgaria

Valentin Nikolov: In any case will be felt the decrease in the price of gas

By 40% reduced the price of gas from Russia. The discount will apply retroactively. Bulgargaz will receive about 150 million leva. “Always the reduction of energy resources will affect favorably.” Valentin Nikolov, MP from GERB and Chairman of the Energy Committee at the National Assembly, commented this to BNT.
According to him, the agreed price is sufficiently competitive, which will also affect the gas market.

Nikolov explained that these days EWRC will receive the contract and from 1 April the new price of gas and heating for distribution companies will have to be considered. This means it will affect the end user in April.

A working group has been established which should make changes to the energy law so that the EWRC can make sure that customers can receive compensation. Nikolov explained that consumers will in any case feel the reduction. All changes will be in place from April 1.