Price of Natural Gas in Bulgaria May Drop by over 13.6% as of October

Ivan Ivanov, Chair of Bulgaria’s Commission for Energy and Water Regulation (KEVR), photo by BGNES

The price of natural gas may drop by more than 13.6% as of October, according to Ivan Ivanov, Chair of the Commission for Energy and Water Regulation (KEVR).

Ivanov declared Thursday that a price drop exceeding the preliminary estimate of state-owned gas company Bulgariaz of 13.6% would mean that gas rates would have dropped by over 30% in a year.

He made clear that the gas price decrease was expected to result in a decrease in prices of heating and hot water ahead of the heating season.

Ivanov, as cited by the Bulgarian National Radio, refused to specify concrete figures as regards the anticipated price decreases.