Bulgaria utilities regulator cuts gas prices by 30.7% for February 2023
Bulgaria’s utilities regulator has approved a 30.7 per cent decrease in the regulated gas price in the country for the month of February, setting the new price at 124.34 leva a MWh, excluding transportation costs, excise and value-added tax.
The price cut puts the gas price just slightly above the one in November 2022, when it cost 123.01 leva a MWh, and effectively negates the price hikes approved by the Energy and Water Regulatory Commission (EWRC) in the last two months.
EWRC said on February 1 that the main reason for the price cut was the lower price on international gas markets, as a result of warm weather and the fact that European gas storage remain fairly full.
The regulator’s head Ivan Ivanov said in a statement that the lower price would have a positive impact on key consumers, allowing the regulator to keep central heating prices unchanged for the rest of the winter heating season.
(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:
