Title Transfer Facility

The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges. During a public discussion at the Energy and Water Regulatory Commission (EWRC), Veselin Sinabov, the Executive Director of Bulgargaz, outlined the factors driving this increase.

Bulgaria's Energy and Water Regulatory Commission (EWRC) has set the November price of natural gas at 68.69 leva per megawatt-hour, excluding access, transmission, excise, and VAT fees. This price reflects an almost 8% increase over the October rate, according to the regulator's report.

The prospects for electricity retail prices in September look bleak, given recent developments in the wholesale and futures markets.

High temperatures not only affect demand but also have effects on production, for example in electricity from nuclear reactors in France.

Recent developments in the Middle East have led to a renewed phase of uncertainty and have pushed liquefied natural gas (LNG) prices up.

September futures contracts on the Netherlands-based TTF exchange rose 16% last week, to levels not seen since December 2023.

Natural gas in Europe rose by about 8% to 86 euros per megawatt-hour due to growing fears of a possible Russian military invasion of Ukraine, which would further escalate tensions between the West and Moscow and lead to problems with Russian supplies of natural gas to the old continent in the case of possible introduction of stricter sanctions.