The Energy and Water Regulatory Commission held a closed meeting, at which it adopted a decision on the application submitted by Bulgargaz EAD for approval of a price for natural gas for November 2020, at which the public supplier will sell natural gas to end suppliers and companies, which have a license for production and transmission of heat energy.
The decision adopted by the Commission takes into account the updated price of natural gas proposed by Bulgargaz EAD on 1.11.2020, which reflects the received reporting information on the market indices of the European gas hubs for October 2020 and for the average monthly exchange rate. Exchange rate for the conversion of the euro into US dollars was taked from the European Central Bank for the same period.
With the decision of the EWRC the approved price of natural gas from November 1, 2020 is 28.21 BGN/MWh (excluding prices for access, transmission, excise and VAT) or increase of 14.1% compared to previous month . For the previous October 2020, the price of natural gas approved by the regulator amounted to BGN 24.72 / MWh.
Despite the increase in the price of natural gas, the prices of heat and electricity remain unchanged.