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Bulgarian Energy Watchdog Proposes 4% Gas Price Increase
BULGARIAN ENERGY WATCHDOG PROPOSES 4% GAS PRICE INCREASE
Date: 21/06/2011
Source: novinite.com
Bulgarian Energy Watchdog Proposes 4% Gas Price Increase

The price of natural gas in Bulgaria should go up by slightly over 4%, announced Tuesday Angel Semerdzhiev, head of the State Commission for Energy and Water Regulation (DKEVR).

In a media statement, the head of the energy watchdog rejected the proposal of state-owned Bulgargaz for a gas price increase of over 7% from July 01.

On June 10, Bulgargaz EAD suggested a Q3 gas price of BGN 568.92 per 1000 cu m, VAT excluded, or up by6.91% from the Q2 price approved by DKEVR.

According to Semerdzhiev, the updated gas tariff, which will be proposed by a working group of DKEVR, will cause heating rates to go up by about 2-3%. The gas price hike will have a different impact on the different municipalities, with the cost of central heating expected to stay the same in the Black Sea city of Burgas and Pleven in northern Bulgaria.


Topic: Economy



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Bourgas is the fourth largest city in Bulgaria, situated in the south-eastern part of the country. It's not famous as a beach resort (although few beaches you can find), but more as a turning point to the big southern Black Sea resorts in Bulgaria like Sunny Beach, Nessebar, Sozopol, Dyuni, Elenite, etc.

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