site.btaEnergy Regulator Endorses NatGas Price for May, It Goes Up By 13.73%

The Energy and Water Regulatory Commission has endorsed the price of natural gas for May thus approving an increase by 13.73%. As of May 1 natural gas will cost 162.17 lv/MWh exclusive of fees for access, transmission, excise duty and VAT, the regulator said.

The main reason for the appreciation is the cut-off of gas deliveries by Gazprom, the regulator said.

The Commission set the price of natural gas for May following a comprehensive analysis of an updated price proposal by Bulgargaz submitted on May 13.

Bulgargaz is expected to submit a price proposal for the price of natural gas in June at the beginning of next week.