Bulgaria utilities regulator raises gas prices by 7.8% for November 2024
Bulgaria’s utilities regulator has approved a 7.8 per cent increase in the regulated gas price in the country for the month of November, setting the new price at 68.69 leva a MWh, excluding transportation costs, excise and value-added tax.
Despite the price hike, the fourth in as many months, the regulator said that the price for November was still about 10 leva a MWh below the reference price on the TTF gas hub in the Netherlands, which serves as the main European price benchmark.
The Energy and Water Regulatory Commission (EWRC) said that a big part of domestic consumption for November will be covered by gas received under the long-term gas contract with Azerbaijan, which will cover about 47.9 per cent of demand for the coming month.
Additionally, state-owned gas company Bulgargaz has contracted one liquefied natural gas (LNG) delivery in November, and will also use gas drawn out from the country’s Chiren gas storage, EWRC said.
(Photo: Marco Caliulo/sxc.hu)
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