Bulgaria utilities regulator cuts gas prices by 8.0% for April 2023

Bulgaria’s utilities regulator has approved an eight per cent decrease in the regulated gas price in the country for the month of April, setting the new price at 98.16 leva a MWh, excluding transportation costs, excise and value-added tax.

The Energy and Water Regulatory Commission (EWRC) decision to reduce the price for a third consecutive month puts the regulated gas price below the 100 leva a MWh mark for the first time since November 2021, when it was 93.19 leva a MWh.

EWRC said that the lower gas price was due mainly to the continued decline in prices on European gas hubs, prompted by the mild weather and the fact that European gas storage facilities remain fairly full.

The regulator’s head, Ivan Ivanov, said that the decline in gas prices was a positive factor for all consumers and said that if this downward trend in gas prices continued, the regulator could decide not to increase central heating prices. The EWRC sets heating prices for the next 12 months in July.

(Photo: Marco Caliulo/sxc.hu)

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