The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission of thermal energy is 75.89 BGN/MWh (excluding excise duty and VAT), the company announced.
The proposed price is over 11 BGN/MWh lower than the TTF month-ahead price for December and over 17 BGN/MWh lower than the current prices on European gas exchanges.
In mid-November, following an analysis based on data provided by Bulgargaz, the Energy and Water Regulatory Commission proposed that the price of natural gas for December be set at 73.92 BGN/MWh (excluding grid access, transmission, excise, and VAT).
Natural gas prices are expected to fall by about 14% from current levels, Bulgargaz CEO Veselin Sinabov told a public meeting of the Energy and Water Regulatory Commission (EWRC). This means that one megawatt hour will cost 31.91 euro, compared to 36.88..
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