Bulgarian state-owned gas supplier Bulgargaz proposed an increase in natural gas prices for consumers of 13.53 % in the first quarter of 2017. This is the second consecutive gas price increase proposal since the fourth quarter of 2014, after the increase of 1.97 % in the last quarter of 2016. Initial proposal for Q1 2017 from mid-November envisaged an increase of 10.23 %.
The company proposed to the Commission for Energy and Water Regulation (KEVR) that the price of natural gas for the January-March 2017 period should be about 154.9 euros per 1,000 cubic meters, excluding VAT. The increase is due to projected higher prices of gas supplies and the dollar exchange rate.
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Tags: Bulgargaz, Bulgaria, gas, gas price, KEVR