Bulgargaz

President Rumen Radev described the prime minister's visit to Skopje as hasty. Kiril Petkov did not agree with Radev's assessment.

Commenting on the dismissal of the director of Bulgargaz, the president noted that he was worried about inflation - how Bulgarians are coping with rising prices and high bills, as well as the future of energy.

Bulgargaz EAD submitted its updated application for approval by the EWRC of the price of natural gas for February 2022, including the last requested quantities from customers and reported values ​​of the price-forming components as of 31.01.2022, the supplier announced.

The Entire Management of Bulgargaz has been Replaced

The entire management of Bulgargaz has been replaced following a decision by the Bulgarian Energy Holding, BNR reports.

Lyudmil Yotsov has been elected executive director of the company - in place of Nikolay Pavlov, according to a protocol of BEH, published in the Commercial Register.

"Bulgargaz" asked the Energy and Water Regulatory Commission to increase the price of gas for October by a shocking 36.2% compared to the previous month. This is extremely surprising, because the previous request was for a jump of "barely" 16%. The nominal expression of the requested increase means that a megawatt-hour will cost a little over BGN 94.

"Bulgargaz" suggests the price of natural gas to become BGN 80.28 / MWh from October 1. For September, the price approved by the regulator is BGN 69.40 / MWh. However, the company says that the price of blue fuel is expected to be about 20% lower than the average price on European gas exchanges.

The final prices will be discussed at the end of the month

Natural gas to increase in price by nearly 16 percent in October, "Bulgargaz" has suggested to the energy regulator. However, the calculations were made more than 10 days ago, during which the prices of natural gas on European stock exchanges continued to jump.

In the application submitted to the Energy and Water Regulatory Commission (KEVR) on May 11, Bulgargaz requested a 13 percent increase in the price of natural gas, compared to prices in May, or BGN 42.54. (excluding access fees, transmission, excise duty and VAT costs). This became clear during today's discussion on the price of blue fuel in KEVR.

The Energy and Water Regulatory Commission (EWRC) decided to increase the price of natural gas backdating it from April 1.

New price will be to 33.19 BGN per megawatt-hour (excluding excise, VAT, storage and transmission fees), which means that the price is increased by almost 16 percent.

The right-hand man of Hristo Ivanov, MP of Democratic Bulgaria Hristo Mirchev, posted on his Facebook wall quite worrying news, given that the price of natural gas leads to price adjustments of almost everything. That is why the information that the "post-election" price of natural gas is jumping dramatically is, to put it mildly, alarming for Bulgarians in general.

The price of natural gas is 53% lower today compared to a year ago, Prime Minister Boyko Borissov said at an extraordinary government meeting.