Tag:gas prices

Sinabov explained that a drop in average daily temperatures in the region has placed added pressure on natural gas demand, further exacerbating the situation. As colder weather sets in, the need for heating rises, pushing up consumption and consequently, the price of gas

This price does not include additional access, transmission, excise, and VAT fees, and marks a significant increase of almost 8% over October’s rate. The adjustment comes as colder weather fuels higher demand and as fluctuations in global gas markets influence the cost structure for Bulgaria’s imports

According to the proposed adjustments, consumers can expect a 1.4% average increase in electricity rates, while heating costs are projected to decrease by 8.4% across the nation. These proposals are grounded in the task force's report dated May 31, which incorporated all relevant data up to the end of May.

According to Ivanov, the price of natural gas will rise from the current rate of nearly BGN 55 per megawatt hour to BGN 59.55 per megawatt hour in June, marking an increase of slightly over 8%

In November, gas prices in Bulgaria could drop by 45%. Denitsa Zlateva, executive director of "Bulgargaz," stated this during the Energy and Water Regulatory Commission's (EWRC) open meeting, which also covered the national supplier's new pricing offer for the following month

The world bank recently released the latest economic report in which they mentioned that the ongoing conflict in Ukraine had obscured hopes for post-pandemic economic recovery for rising and developing economies in Europe and Central Asia

Nikola Stoyanov, acting minister of economy and industry, explained that the government categorically supports every enterprise in Bulgaria that needs to get compensation due to the high cost of natural gas