Pricing

Natural gas will become cheaper by about 8 percent in July and will be sold for about 60.50 leva per megawatt hour. This was announced by the executive director of Bulgargaz, Denitsa Zlateva, during the public discussion of prices.

Wholesale electricity rates may have fallen from €104.98 euros per megawatt-hour in May to €86.90/MWh in June (to date), but this significant reduction will not be reflected in the bills consumers will receive for July, based on kilowatt-hour prices announced by providers.

The price of electricity per kilowatt-hour may have been decreasing continuously in recent months following the de-escalation of the price of natural gas, but the total electricity bill still happens to have increased and is even expected to increase further in the coming months.

The Slovenian government has extended the existing system of partial regulation of motor fuel and heating oil prices for another year. The regulation is in force for filling stations outside the country's motorway network.

Many of us are desperate to travel this summer after a pandemic stifled our plans for years. But travelers — and I'm sorry to be a killjoy — should beware: Those seemingly cheap plane tickets or hotel rooms advertised online may be a trap to make you spend more than anticipated.

Electricity tariffs return to the regime of the readjustment clause from October 1, and the market's regulator (RAAEY) is in a hurry to prevent phenomena that consumers painfully faced when the crisis began. Suppliers, for their part, are looking for pricing formulas to transfer wholesale market risk without having to risk a new crisis of confidence from their customers.

"The order to increase the price of electricity is a reflection of everything that has been happening during the last 10 months of the caretaker government". This opinion was expressed by former energy minister Alexander Nikolov on the National Television.

Data presented by the Hellenic Statistical Authority on Friday showed that prices increased further last month at a time when many were convinced that they would drop a tad.

Heron Group on Wednesday announced the signing of long-term power purchase agreements (PPAs) with RWE Renewables Europe & Australia and PPC Renewables, through their joint venture Meton Energy.

Under the terms of the agreement, Heron will supply approximately 192 gigawatt-hours of green electricity each year.

"Bulgargaz" proposed a 15% reduction in the price of gas in June, and the state energy regulator EWRC approved the proposal at its meeting today.