Bulgarian Regulator OK's Natgas Price Cut for February

Energy Trade

Bulgaria's utility regulator said it has endorsed a final price proposal by public supplier Bulgargaz for a wholesale natural gas price of BGN 71.08/MWh (EUR 36.34) applicable for February, excluding transmission fees, excise tax, and VAT, which is 8.4% lower than in January, according to Seenews.

The wholesale price of natural gas in January was BGN 77.6/MWh after the regulator approved an 11.3% monthly cut.

In February, Bulgaria will receive natural gas from three different sources, including the entire contracted volumes of Caspian gas from Azerbaijan via the Greece-Bulgaria interconnector, the Energy and Water Regulatory Commission (EWRC) said in a statement.

The quantity will cover 42% of the country's consumption this month and has contributed to the more favorable pricing. 

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