Regulator Raises Natural Gas Price for January by Nearly 30.4%
NW 17:48:31 01-01-2022
DD1745NW.109
109 ECONOMY - REGULATOR - PRICE - NATGAS - JANUARY
Regulator Raises Natural Gas
Price for January
by Nearly 30.4%
Sofia, January 1 (BTA) - The Energy and Water Regulatory Commission (EWRC) Saturday set the natural gas price for January at 133.41 leva/MWh, up by 30.37 per cent from 102.33 leva/MWh in December, the regulator said. This decision was based on public supplier Bulgargaz's proposal.
The regulator said the increase also reflected a surge on the international gas markets since December 10 when Bulgargaz proposed a January price of 117.12 leva/MWh.
EWRC Chairman Ivan Ivanov commented that the regulator can by no means curb a rise in the gas price. He voiced his concern that this upsurge, which is entirely due to external factors, had dire implications for the district heating companies using natural gas, which accounts for 60 to 70 per cent of the heating service. He commented that after Parliament imposed a moratorium on the prices of electricity, heat and water in December, those companies continued providing heating at the price of natural gas of July 31, 2021, although they pay nearly three times more for it.
The regulator called for a mechanism for urgent compensation to the heating utilities and all other natural gas users. Otherwise the heating companies may not be able to pay Bulgargaz, which in turn is obliged to pay for gas deliveries in advance. This could lead to intercompany indebtedness on a scale that might put at risk Bulgaria's energy system and economy, said Ivanov. DD
//
DD1745NW.109
109 ECONOMY - REGULATOR - PRICE - NATGAS - JANUARY
Regulator Raises Natural Gas
Price for January
by Nearly 30.4%
Sofia, January 1 (BTA) - The Energy and Water Regulatory Commission (EWRC) Saturday set the natural gas price for January at 133.41 leva/MWh, up by 30.37 per cent from 102.33 leva/MWh in December, the regulator said. This decision was based on public supplier Bulgargaz's proposal.
The regulator said the increase also reflected a surge on the international gas markets since December 10 when Bulgargaz proposed a January price of 117.12 leva/MWh.
EWRC Chairman Ivan Ivanov commented that the regulator can by no means curb a rise in the gas price. He voiced his concern that this upsurge, which is entirely due to external factors, had dire implications for the district heating companies using natural gas, which accounts for 60 to 70 per cent of the heating service. He commented that after Parliament imposed a moratorium on the prices of electricity, heat and water in December, those companies continued providing heating at the price of natural gas of July 31, 2021, although they pay nearly three times more for it.
The regulator called for a mechanism for urgent compensation to the heating utilities and all other natural gas users. Otherwise the heating companies may not be able to pay Bulgargaz, which in turn is obliged to pay for gas deliveries in advance. This could lead to intercompany indebtedness on a scale that might put at risk Bulgaria's energy system and economy, said Ivanov. DD
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