Bulgaria Braces for 8% Spike in Natural Gas Costs Next Month

During an open meeting, Ivan Ivanov, the chairman of the Commission for Energy and Water Regulation, revealed that the price of natural gas is set to increase by slightly over 8% in June. This announcement comes after the regulator discussed the proposal put forth by "Bulgargaz" on May 16. Ivanov stated that the price would escalate from nearly BGN 55 per megawatt hour this month to BGN 59.55 in June. The final decision regarding this price adjustment will be determined after a closed session scheduled for June 1.