Bulgaria Raising Gas Price by Nearly 5%

Natural gas will become more expensive as of January 01, but the increase will be much lower than what state-owned supplier Bulgargaz wanted, Bulgaria's energy watchdog has ruled.

At a meeeting, the Energy and Water Regulatory Commission (KEVR) has decided to push prices up by 4.65%, against the backdrop of a demand for a 13% rise.

As of next year, 1000 cubic meters of gas will cost BGN 280.21 (excise duty and VAT not included), 24 Chasa quotes KEVR head Ivan Ivanov as saying.

The price will not include transportation, fees for which will be transferred to the grid operator Bulgartransgaz by Bulgargaz itself, Ivanov has added.

The decision does not entail heating prices, which will be kept the same in the first quarter of 2017, despite protests from the heating utility in the capital Sofia.

Heating prices are normally tied to those of natural gas.

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