Commission for Energy

Starting in October, the price of water in Sofia is set to rise by 20%. This proposed increase by "Sofiiska voda "is currently under review by the Commission for Energy and Water Regulation.

If approved, the cost of water supply in the capital will be 3.52 leva, inclusive of VAT.

In August, natural gas prices in Bulgaria will see a slight increase. The Commission for Energy and Water Regulation has set the price at 60.75 leva per MWh, excluding additional costs such as access, transmission, excise duty, and VAT. This price applies to sales by "Bulgargaz" EAD to final suppliers and those licensed for thermal energy production and transmission.

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.

A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament. The data reveals a staggering increase of over 140% in electricity production from photovoltaic plants, accompanied by a significant decline in output from coal-fired power plants in the year 2023.

"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month, potentially lowering costs for consumers to around BGN 58 per megawatt hour.

The proposal was made during a public discussion with the Commission for Energy and Water Regulation, with the final decision expected on March 1.

Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies - this proposal was submitted by "Bulgargaz" to the energy regulator.

Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper.

"We will not allow an increase in the price of electricity for household consumers after the complete liberalization of the electricity market". This was stated by Prime Minister Academician Nikolai Denkov before the start of the regular government meeting today.

The Commission for Energy and Water Regulation (EWRC) confirmed the price of natural gas for the month of August in the amount of 59.67 leva/MWh, excluding access, transmission, excise and VAT prices. At this price, "Bulgargaz" EAD will sell natural gas to final suppliers and to persons who have been issued a license for the production and transmission of thermal energy.

Between 4% and 5% will be the price increase of household electricity from July 1 due to the inclusion in the mix of more expensive electricity from TPP "Maritsa Iztok 2", which was done by the order of the former energy minister Rosen Hristov.