Text size

Bulgargaz: Dramatic increase in natural gas prices expected in November

published on 10/26/23 1:48 PM

Photo: Alamy/ Reuters

The price of natural gas will increase by about 20% in November, according to estimates by state-owned supplier Bulgargaz. This is twice as much as the 11% increase announced at the beginning of October.

"The price will be lower than on the European gas markets, but significantly higher than the price set for October," confirmed the chairman of the State Energy and Water Regulatory Commission, Ivan Ivanov.

"Bulgargaz refused to commit to a specific price due to the complicated geopolitical situation and the continuously rising prices on international markets. Initially, the price announced by the company was just over 67 leva (34.24 euro) per megawatt-hour.

On the European exchange market, natural gas is currently sold for around 50 euro per megawatt-hour.

The Commission will announce its final decision on the gas price on 1 November.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Bulgargaz gas prices increase State Energy and Water Regulatory Commission

More from category

Bulgarian farmers set to receive new aid exceeding EUR 7 million

Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..

published on 10/8/25 10:23 AM

Fraser Institute: Bulgaria ranks 56th in economic freedom worldwide

In its "Economic Freedom of the World, 2025" ranking , the Canadian Fraser Institute gives Bulgaria a score of 7.13 out of a maximum of 10 points. This places the country 56th out of 165. It ranks between Greece and Thailand. In 2024, Bulgaria was 52nd..

published on 10/2/25 2:59 PM

BNB decreases base interest rate by 0.01%, Bulgaria's gross external debt rises

As of October 1, the base interest rate in Bulgaria is 1.81%. The rate has been declining for the 12th consecutive month, this time by 0.01% compared to September 2025. The base interest rate in Bulgaria, which is used to calculate the annual..

published on 10/1/25 10:46 AM