Bulgaria, Bulgargaz has proposed higher wholesale natural gas price to be applied for December

, SEE Energy News

Bulgarian state-owned gas supplier Bulgargaz has proposed higher wholesale natural gas price to be applied for December 2022.

The statement from the company said that the price for December should be around 74.5 euros/ MWh, which is 18.6 % higher compared to the price approved for November – 62.9 euros/MWh, which was a decrease of 47 % compared to October.

The price proposed by Bulgargaz is by over 30 % lower than the prices of December gas at Europe’s gas hubs which approximate 113 euros/MWh.

Bulgargaz will submit its final request for the price applicable for December on 1 December. Bulgarian Commission for Energy and Water Regulation (KEVR) has the final say on the proposed monthly changes in the wholesale price, at which state- owned Bulgargaz sells natural gas to end-suppliers and customers directly connected to its transmission network.