Bulgarian Energy and Water Regulatory Commission (EWRC) has approved an 8.4% reduction in the price of natural gas for February, setting it at BGN 71.08 (36,4 euros) per megawatt-hour. This is a significant drop from January’s approved price of BGN 77.60 MWh.
State-owned distributor Bulgargaz will be the conduit for this lowered price, supplying natural gas to end-users and heating companies.
The EWRC’s evaluation revealed that the total estimated quantity for the domestic market was sourced from three distinct suppliers.
The February price mix encompasses the entire contracted volume of Azeri natural gas, supplied via the Bulgaria-Greece interconnector (IGB) under a long-term agreement with Azerbaijan. These volumes, covering 42.03% of the month’s consumption, played a pivotal role in securing favourable prices.
Bulgargaz, through a tender process, secured a contract for the supply of liquefied natural gas (LNG) for February with a regional trader, adhering to minimum delivery price requirements and a proposed payment method. The price mix also includes natural gas volumes from production at the Chiren underground gas storage facility.
These secured quantities fulfil the public supplier’s commitments for February, extending to final suppliers, district heating companies, and bilateral contracts with industrial customers, as highlighted by the EWRC.
