The Commission for Energy and Water Regulation (KEVR) in Bulgaria has sanctioned a 5.1% hike in the wholesale natural gas price, effective April 2026. This adjustment aligns with a proposal from the state-owned supplier Bulgargaz, marking an increase to 34.27 euros/MWh, excluding VAT and excise duties. This follows a smaller 0.9% rise approved for March, indicating a gradual shift in the pricing landscape.
Despite this increase, Bulgaria’s gas prices remain notably competitive compared to major European markets. The new rate is approximately 20 euros/MWh lower than the current international market averages, which is advantageous for both residential consumers and businesses operating within the country. This pricing strategy offers a buffer against broader regional trends that have seen prices escalate.
The disparity is particularly pronounced when examining rates at the Dutch TTF hub, which serves as Europe’s primary gas benchmark. Recent surges have pushed prices at this hub to about 54 euros/MWh, underscoring the contrast between Bulgaria’s regulated pricing framework and the fluctuating wholesale market conditions prevalent across Europe.
Moreover, when compared to last year, the April price reflects a significant decrease; it stands roughly 10.7% lower than the price recorded in April 2025, which was 38.39 euros/MWh. This historical context reinforces Bulgaria’s position of relative stability in an otherwise volatile energy market.
Overall, while Bulgaria’s natural gas pricing has experienced a monthly rise, it continues to provide a stable environment that mitigates exposure to short-term fluctuations observed in European gas markets. This stability is crucial for maintaining economic resilience amid ongoing energy transitions and market uncertainties.
