Bulgaria's Energy Regulator Expected to Lower Natural Gas Price

Bulgaria's Energy and Water Regulatory Commission (KEVR) will decide on Tuesday whether to decrease the price of natural gas by 2.3 %.

The proposal of KEVR is for a slightly higher reduction than the 2.1 % cut demanded by Bulgargaz, private bTV station informs.

If the report of KEVR is adopted, the price of natural gas in the first quarter will be nearly BGN 406 per 1000 cubic metres.

The price of natural gas has decreased by a total of 30 % over the course of 2015.

A new reduction of the price is possible in the second quarter of 2016.