KEVR proposed 5 % increase in natural gas price in Q1 2017 – Bulgaria, 20 December 2016

Bulgarian Commission for Energy and Water Regulation (KEVR) has proposed an increase of 5 % in the price of natural gas for the first quarter of 2017, starting from 1 January. The proposed increase is significantly less than 13.53 % increase proposed by the Bulgarian state-owned gas company Bulgargaz earlier this month.
In mid-December, Bulgargaz proposed to KEVR that the price of natural gas for the periof January-March 2017 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. In comparison, natural gas price in the fourth quarter of 2014 was 308.4 euros per 1,000 cubic meters. 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.

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