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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 increases heating price by 6.72% on average

Energy regulator increases heating price by 6.72% on average

1 October 2018 | 16:44 | FOCUS News Agency
Sofia. The prices of central heating are increased by 6.72% on average in the country in the last quarter of 2018, Energy and Water Regulatory Commission Chair Ivan Ivanov said at a briefing after a meeting of the regulator, Focus News Agency reports. The prices are increased by between 2.28% and 8.57% following an increase of the gas price. The change affects the utilities using natural gas.
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