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Bulgaria: Bulgargaz forecasts 3% hike in gas price

Bulgarian public gas supplier Bulgargaz made an initial application to the Energy and Water Regulatory Commission (EWRC) for the approval of a wholesale price of natural gas of 62.4 levs (31.9 euro) per MWh for August.

The wholesale price of gas for September is expected to come down to 60.66 levs.

The endorsed a wholesale price of natural gas of 60.58 levs for July, or 8% less than in June.

If approved at the proposed level, this will be the first increase in the wholesale natural gas price in Bulgaria since January.

Bulgargaz will lodge definitive price proposals for July and for August on the first day of the respective month, taking into account the price-forming components on the final day of the previous month.

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