site.btaBulgargaz Offers nearly 30% Cheaper Natural Gas for November

On Tuesday, Bulgargaz submitted an application for the approval of the price for natural gas for November to the Energy and Water Regulatory Commission (EWRC), the public supplier said.

The price offered by the company is BGN 166.14 per megawatt hour (not including access, transmission, excise duty and VAT) or EUR 84.95 per megawatt hour, calculated according to the Bulgarian National Bank fixing. The EWRC confirmed the price of natural gas for this month in the amount of BGN 233.36 per megawatt hour, excluding prices for access, transmission, excise duty and VAT.

This means that if the price proposed by the public supplier is maintained until November 1, then before next month the price of blue fuel will be 28.81% lower than the current one.

The proposed price for November is approximately twice lower than the prices of European gas hubs for delivery in November, which to date is around EUR 160 per megawatt hour, Bulgargaz pointed out. This significant difference is due to the extremely competitive prices obtained within the framework of the tender procedure for the supply of natural gas conducted by Bulgargaz in November, as well as due to the possibility of delivering the full Azeri gas quantities at a contract price through the Bulgaria-Greece interconnector.