KEVR will determine the price of natural gas for September

KEVR will determine the price of natural gas for September
KEVR will determine the price of natural gas for September

The Commission for Energy and Water Regulation (KEVR) at a closed meeting today at 15:00 will decide what will be the price at which the public supplier will sell natural gas in September to final suppliers and to persons who have been issued a production license and heat energy transfer, BTA reported.

In the application of “Bulgargaz” dated August 11, a natural gas price for September of BGN 315.61 per megawatt hour (without prices for access, transmission, excise duty and VAT) was proposed for approval, including the “public supply” activity component of 2, BGN 24 per megawatt hour and the “obligations to society” component of BGN 0.35 per megawatt hour.

The price for August, approved by KEVR, is BGN 297.89 per megawatt hour (excluding prices for access, transmission, excise duty and VAT), which meant an increase of 5.95 percent.

During the KEVR open meeting on August 30, where the public supplier’s application was discussed, Bulgargaz CEO Denitsa Zlateva said that the final increase in the price of natural gas will be larger. She argues that the stock index, which Bulgargaz refers to when determining the price for September, has increased by nearly 17 percent since the date of the application. Zlateva added that in recent days the index has grown significantly due to the suspension of supplies on “Nord Stream 1” due to repair works. Therefore, taking into account the growth of the index as of August 31, the final price increase is expected to be greater than that in the submitted application.

After the end of the meeting, Zlateva told journalists that the estimated price of natural gas for September is about BGN 350 per megawatt hour. According to her, this is an increase of about 17 percent compared to the price for August.

It is expected that this morning “Bulgargaz” will submit an updated application for the price of natural gas for this month, and at 15:00 KEVR will determine it finally in a closed meeting.

The article is in bulgaria

Tags: KEVR determine price natural gas September

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