Bulgaria utilities regulator cuts gas prices by 1.4% for November 2021

Bulgaria’s utilities regulator said on November 1 that it approved an increase to gas prices in the country by 1.4 per cent for the coming month, setting the new price at 93.19 leva a MWh, excluding transportation costs, excise and value-added tax.

The Energy and Water Regulatory Commission (EWRC) said that the new price was lower than in October after state gas company Bulgargaz reached an agreement with Gazprom Export.

Under that agreement, Bulgargaz would receive gas using unused volume quotas from previous months, for which the company would pay “a much lower price than the market prices on European hubs, leading to a drastic decrease of the price mix for the Bulgarian market,” the regulator said in a statement.

The regulator-set gas price in Bulgaria has risen sharply over the past year, having more than quadrupled from 22.46 leva a MWh in September 2020.

(Photo: Marco Caliulo/sxc.hu)

Please support independent journalism by clicking on the orange button below. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content:

Become a Patron!



The Sofia Globe staff

The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. Sign up to subscribe to sofiaglobe.com's daily bulletin through the form on our homepage. https://www.patreon.com/user?u=32709292