The Commission for Energy and Water Regulation (EWRC) of Bulgaria approved the price of natural gas for the month of March in the amount of BGN 106.74 /MWh, excluding prices for access, transmission, excise duty, and VAT, Report informs, referring to EWRC.
At this price, Bulgargaz ltd will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy, announced the Commission.
The Commission approved the price after an analysis of the current data and documents submitted yesterday by Bulgargaz ltd., which indicate the prices of the individual suppliers and the size of their quantities in the total mix. The regulator found that several different supply sources provided the total estimated quantity for the domestic market.
The price mix includes the entire agreed quantity of Azeri natural gas delivered via the Bulgaria - Greece interconnector (IGB) at prices according to the current long-term contract with Azerbaijan. These amounts cover 33.54% of the country's consumption and are of key importance in achieving favorable prices for blue fuel.
The confirmed price for the month of March of BGN 106.74/MWh is more than 14% lower than the price for February, which was BGN 124.34/MWh. The main factor for this is the decrease in the stock indices of the international gas markets as a result of the mild weather and the high capacity of European gas storage.