Bulgaria, Bulgargaz proposes 3.4 % wholesale gas price cut for April

Bulgarian state-owned gas supplier Bulgargaz has proposed lower wholesale natural gas price to be applied for April 2023.

The statement from the company said that the price for April should be around 52.7 euros/MWh, which is 3.42 % lower compared to the price approved for March – 54.6 euros/MWh, which was a decrease of 14 % compared to February.

Bulgargaz is also expecting a 10.23 % drop in the wholesale natural gas price for May compared to the initial price it requested for April.

Bulgargaz will submit its final request for the price applicable for March on 1 March. 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.