Energy and Water Regulatory Commission
Bulgaria's energy regulator has endorsed a proposal of state-owned wholesale gas supplier Bulgargaz to cut natural gas price by 23.02% for the second quarter of 2016.
The latest cut takes to 48% the drop in gas price since the start of last year, the Energy and Water Regulatory Commission (KEVR) said in a statement on Thursday.
Gas grid operator Bulgartransgaz has announced it is ready with a draft set of balancing rules for the gas market, a move that constitutes the first step toward liberalization.
Balancing gas purchase contracts, the rules themselves, and other documents are available (only in Bulgarian as of the moment) on Bulgartransgaz's website.
Bills for hot water and heating should go down across Bulgaria starting April 01, energy regulator KEVR has said.
The state agency, whose abbreviation stands for Energy and Water Regulatory Commission, is making its new proposal in relation to a forthcoming drop in gas prices by nearly 23% from next month.
Bulgarian Energy Minister Temenuzhka Petkova is predicting a possible decrease in the prices of electricity due to the falling prices of natural gas.
In an interview for the Bulgarian National Television (BNT) on Friday, Petkova said that the expected decrease in the price of natural gas is slightly above 20 %.