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Energy minister: We will do our best to intervene in the negotiations at the right time in order to secure good prices for the Bulgarian gas market

Energy minister: We will do our best to intervene in the negotiations at the right time in order to secure good prices for the Bulgarian gas market

11 October 2018 | 15:45 | FOCUS News Agency
Sofia. We will do our best to intervene at the most appropriate moment in order to secure good prices for the Bulgarian natural gas market, Energy Minister Temenuzhka Petkova told the energy committee in Parliament, Focus News Agency reports.
She told MPs that after the agreement between the European Commission and Gazprom, a letter with two proposed amendments was sent to Bulgargaz on August 6. “One concerns possibilities of changing the mechanism for price renegotiation,” Petkova said, adding that the other one is related to the delivery point. The EC has made it possible for member states that have contracts with Gazprom to negotiate every two years, the first mandatory condition is related to natural gas prices at the borders of Germany, France and Italy, the minister explained. If no agreement is reached within 120 days, the rules provide for arbitration. She promised to do everything possible for the Ministry of Energy to intervene at the most appropriate moment in order to secure good gas prices for the Bulgarian market.
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Energy regulator chair: No change in power price before year-end

Energy regulator chair: No change in power price before year-end

9 October 2018 | 12:15 | FOCUS News Agency
Sofia. The price of electricity will remain unchanged until the end of 2018, said Energy and Water Regulatory Commission (EWRC) Chair Ivan Ivanov during a public discussion on a draft decision on power prices after a change in gas prices as of October, Focus News Agency reports. “There is a draft EWRC decision that the price of electricity will remain unchanged until the end of the year. I also hope that the price will remain the same after that. Bulgargaz’ director has said he expects an increase in the gas price at the end of the fourth quarter, by less than 5%. If the increase is below 5%, there will be no change in the price of heating and electricity. I hope his forecast is correct, but many things may happen at international level that could affect the price of crude oil,” Ivan Ivanov said.
He also said that the price of power transmission services would be gradually adjusted over the next years. In its latest decision, the regulator did not approve any substantial changes to network tariffs, he noted.
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PICTURE OF THE DAY
Vladimir Putin at Valdai forum. October 18, 2018;
Vladimir Putin at Valdai forum. October 18, 2018;

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Prize drawing in Q&A game European Test for Masters. July 30, 2018;
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