site.btaNatural Gas Price Up by Nearly 35% in Bulgaria in a Year

Bulgaria's Energy and Water Regulatory Commission (EWRC) set the price of natural gas, effective January 1, 2023, at BGN 179.33/MWh. At this price, exclusive of the cost of access and transmission, excise duty and VAT, Bulgargaz is selling natural gas to end suppliers and holders of heat production and transmission licences. The price mix includes the entire contracted quantity of natural gas from Azerbaijan, which is delivered over the Greece-Bulgaria gas interconnector and meets some 27% of the country's requirements.

A year earlier, the regulator set the natural gas price effective January 1, 2022, at BGN 133.41/MWh (exclusive of the cost of access and transmission, excise duty and VAT), meaning that the gas price went up by 34.42% in a year.

In 2022, the price of natural gas fluctuated as follows:

January: BGN 133.41/MWh;

February: BGN 109.88/MWh, down by 17.64% M/M;

March: BGN 113.73/MWh, up by 3.5% M/M;

April: BGN 142.59/MWh, up by 25.3% M/M; 

May: BGN 162.17/MWh, up by 13.7% M/M;

June: BGN 141.36/MWh, down by 13% M/M;

July: BGN 186.17/MWh, up by 32% M/M;

August: BGN 297.89/MWh, up by 60% M/M;

September: BGN 353.21/MWh, up by 18.57% M/M;

October: BGN 233.36/MWh, down by nearly 34% M/M;

November: BGN 123.01/MWh, down by 47% M/M;

December: BGN 146.09/MWh, up by nearly 18.8% M/M.