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Bulgaria, Bulgargaz estimates that the price of wholesale natural gas for November would be 142.6 euros/MWh

03.Oct 2022.

Bulgarian state-owned gas supplier Bulgargaz estimates that the price of wholesale natural gas for November would be 142.6 euros/MWh, which is a decrease of 21.15 % compared to the most recent price approved by KEVR for September. However, the estimate is 12.5 % higher than Bulgargaz’ proposal for October.

Bulgargaz will submit its final request for the price applicable for November on 1 November. Bulgarian Commission for Energy and Water Regulation (KEVR) has the final say on the proposed monthly changes in the wholesale price, at which state-owned Bulgargaz sells natural gas to end-suppliers and customers directly connected to its transmission network.

Last week, Bulgargaz said that the price for October should be around 126.8 euros/MWh, which is 30 % lower compared to the price approved for September – 180.8 euros/MWh, which was an increase of 18.7 % compared to August.